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Q: Informal powers of financial supervisory authorities ( No Answer,   1 Comment )
Subject: Informal powers of financial supervisory authorities
Category: Business and Money
Asked by: zvajda-ga
List Price: $140.00
Posted: 27 Nov 2006 07:07 PST
Expires: 29 Nov 2006 05:19 PST
Question ID: 785913
It seems that the informal power of the integrated supervisors is
sufficiently larger than that set by legislation. Supervisory
recommendations, sanctioning policy or any other elements of
non-binding rule-making are different appearances of this informal

For a research paper I would need detailed information on informal
powers of - integrated - Financial Supervisors (government agencies
that oversee all the financial sectors (eg.: money market, capital
market, insurance sector, pension funds, etc.), in particular:
- broad definition of informal power
- borderline between formal and informal power
- main scope of general types of informal powers used in the various
areas of supervision:
    a. inspection
    b. decision-making
    c. enforcement
    d. other (please, specify)
- a description of the main tools used in informal powers (informal
- sectoral or any other differences in the scope of availability and
utilization of informal powers
- main advantages associated with the utilization of informal supervisory
- major risks associated with the utilization of informal supervisory
- effectiveness of informal powers especially vis--vis formal supervisory

I am very much aware of the fact that answer to this multi-part and
complex question requires great amount of research and specialized
knowledge, nevertheless I am hopeful a thorough answer can be
obtained. I am obviously more than ready to answer any follow-up
clarifications that may surface. 
Thanks for your attention!

Request for Question Clarification by pafalafa-ga on 27 Nov 2006 13:14 PST

I can't help noticing that you've asked similar questions in the past,
without success.

I think the problem here is that you're asking something which is at
once, very broad and very vague.  Researchers cannot realistically
explore financial authorities around the world, and then guess at
which ones are exercising broad informal powers.

If you don't have a working definition of "informal powers" how can
you except a researcher to provide one for you?

If you don't get an answer to your current question, you may want to
consider restating your question with a more specific focus.  Pick a
single country or better yet, a single financial authority, and ask
some specific, well-defined questions about how it operates in terms
of quasi-regulatory authority.

Just a suggestion...


Clarification of Question by zvajda-ga on 29 Nov 2006 05:19 PST
pafalafa-ga and ubiquity-ga,

Thank you both for your comments, based on which, I will need to
rethink my question and repost it. I will cancel it for now, though.

Thanks again, 
There is no answer at this time.

Subject: Re: Informal powers of financial supervisory authorities
From: ubiquity-ga on 27 Nov 2006 13:45 PST
Please define informal powers.  Regulators generally are granted wide
discretion in mcarrying out their mandate.  However, I am hard pressed
to think of anything that I would consider informal.

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