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2009 | OriginalPaper | Chapter

Coordination and Cooperation in Financial Regulation: Do Regulators Comply with Banking Culture

Authors : Alessandro Carretta, Vincenzo Farina, Paola Schwizer

Published in: New Drivers of Performance in a Changing Financial World

Publisher: Palgrave Macmillan UK

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This chapter identifies cultural gaps as a possible stumbling block in the efficient exchange of information and the sharing of problems and goals among regulators and the industry, with respect to the recent innovations introduced in the financial sector, which are orienting the supervisory authorities towards the adoption of new interaction models with the supervised financial intermediaries.

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