Blandly, the question is whether it is possible to create a system of mutually independent bank regulators and supervisors in the absence of a global government. The answer to this question starts with a subquery: is it possible to develop a framework which permits supervisors from all countries, not just G-10 to: use the same standards for the examination of banks and non-banks;ensure there is reliable financial reporting and transparency on a cross-border basis;share their findings in an uninhibited manner, but also in real enough time; andact upon delinquent entities in unison no matter from where they come and where they operate?
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- Cross-Border Supervision of Banks, Non-Banks and Internet Commerce
Dimitris N. Chorafas
- Palgrave Macmillan UK