Principles of effective regulation and supervision of banks
| Date | 01 April 1998 |
| DOI | https://doi.org/10.1108/eb024982 |
| Published date | 01 April 1998 |
| Pages | 312-319 |
| Author | David T Llewellyn |
| Subject Matter | Accounting & finance |
A prospectus from the FSA: Its approach to regulation
Principles of effective regulation and
supervision of banks
David T Llewellyn
Received (in revised form): 14th September, 1998
Department of Economics, Loughborough University, Loughborough, Leicestershire LE11 3TU;
tel:
01509 222700; fax: 01509 223910; e-mail: D.T. Llewellyn@lboro.ac.uk
David Llewellyn Is Professor of Money and
Banking at Loughborough University and a
Public Interest Director of the Personal
Investment Authority. He writes here in a
personal capacity.
ABSTRACT
The FSA will
become
the most powerful finan-
cial regulator in the world as a single agency
responsible
for the regulation and supervision of
the
full range of financial services. While ques-
tions of institutional structure raise important
issues, they are of
second-order
importance com-
pared with the general approach, style and
intensity of
regulation
and supervision that reg-
ulators apply. The objective of the paper is to
outline some general principles to guide the reg-
ulation and supervision of
banks
so as to maxi-
mise the probability of objectives being
achieved, while at the same time minimising
the potential costs.
Journal of Financial Regulation
and Compliance, Vol. 6, No. 4,
1998.
pp. 312-319
© Henry Stewart Publications.
1358-1988
Page 312
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