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Q: Financial Supervisory Authority ( No Answer,   3 Comments )
Question  
Subject: Financial Supervisory Authority
Category: Business and Money > Economics
Asked by: zvajda-ga
List Price: $10.00
Posted: 10 May 2005 02:44 PDT
Expires: 09 Jun 2005 02:44 PDT
Question ID: 519884
What are the mandates of management boards of financial supervisory
authorities (preferebly in the EU, but other relevant examples are
appreciated). I am interested in what types of matters are dealt with
by the management (or supervisory) board and what are delegated to the
management of the supervision. (Note: I am not interested in the
integrated models of financial supervisions, but rather how the Board
and the Management powers are separeted.)

Clarification of Question by zvajda-ga on 10 May 2005 02:51 PDT
Obviously, I would need examples listed by relevant country (and would prefer URLs).
Answer  
There is no answer at this time.

Comments  
Subject: Re: Financial Supervisory Authority
From: myoarin-ga on 10 May 2005 05:34 PDT
 
zvajda-ga,
I think that I understand your question, but just to make sure:

You are NOT asking about the separation of responsibilities within
corporations or financial institution:  e.g.,  Board of Directors :
CEO and Management; Aufsichtsrat :  Geschäftsführung (German =
Supervisory Board : Management);
RATHER, you want information about this type of division of
responsibilities for the national authorities that oversee the
operations of financial institutions.

Is that correct?

Something like this site on the Australian authority:

http://www.apra.gov.au/home.cfm

or this one on the German one:

http://www.bafin.de/cgi-bin/bafin.pl?verz=&sprache=1&filter=&ntick=0

myoarin
http://en.wikipedia.org/wiki/Financial_supervision
Subject: Re: Financial Supervisory Authority
From: zvajda-ga on 10 May 2005 06:30 PDT
 
myoarin-ga,

YES!!! Your interpretation of the question is perfectly correct. I
want information on the responsibilities of the Board of Directors and
the Management within national Financial Supervisory Authorities (that
have such a two-tier structure). An example is something like under:
http://www.fsa.gov.uk/pubs/other/SoM.pdf

for as many supervisions as possible. 
Thanks,
zvajda-ga

ps. if possible I would need this by about this time tomorrow though...
Subject: Re: Financial Supervisory Authority
From: myoarin-ga on 10 May 2005 13:59 PDT
 
Back again, with varied results.
The above site on Germany is pretty much what you want. ASwitch to
English.  Looks frustrating, when you call up something on the left,
it appears in the middle with the command "Go to"  or "Gehe zu", which
you have to click on.  The Orgaplan is only in German, but you
probably don't need that.
The Aussie site above, did not seem to have what you want, but maybe I
just didn't try hard enough.
Following is a mixed bag:

Sweden		
www.riksbank.com/upload/Dokument_riksbank/ Kat_AFS/overenskommelse_eng.pdf

Looks like just the book you want:
http://www.dadirect.com.au/Books/detail.asp?isbn=1843767899

Norway
http://www.kredittilsynet.no/archive/stab_pdf/01/01/20041071.pdf.

An overview of superv. auth.s for insurance, but some also supervise
financial institutions, with links that I did not pursue:
http://europa.eu.int/comm/internal_market/insurance/links_en.htm

This seem like maybe a useful paper:
http://econwpa.wustl.edu:8089/eps/le/papers/0209/0209002.pdf.

I believe this is the Danish website:
http://finanstilsynet.inforce.dk/sw2733.asp

Another paper:
http://www.centralbanking.co.uk/conferences/archv/2004/PDF/og041broch.pdf.

A discussion about Hungary?s system, not the authority?s website:
www.fin.ee/doc.php?3539

Bank of Estonia with links to laws, etc.
http://www.bankofestonia.info/pub/en/yldine/press/pressiteated/pt2000/_20000413.html
http://www.fi.ee/?lang=en&PHPSESSID=891bde72e91039b1cf1a3326a48b656c

Canada
www.capsa-acor.org

IMF discussion paper
http://www.imf.org/external/pubs/ft/wefs/toward/pdf/file07.pdf.

Slovenia finance ministry site.  
http://www.gov.si/mf/angl/nadz_proracuna/organizacija.htm

These were gleaned from the first 110 hits with   
   financial supervisory authorities
"financial supervisory authority" is more selective:

Hungary
http://www.pszaf.hu/english/start.html

Iceland
http://www.fme.is/fme-eng.nsf/Pages/index.html

This is a discussion of the German authority:
www.zurich.com/NR/rdonlyres/
8CF04393-0E9A-4714-ABAF-D2E2E3E72647/134841/bafin_20030617_en.pdf

After the first 50 hits, they become less focused.

This is no "answer" (and too disorganized to pretend to be one).
Maybe a researcher would like to add more.
Good luck,
Myoarin

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