ABSTRACT

The paper examines the institutional architecture for financial supervision of a small jurisdiction and proposes reforms with a view of achieving more efficient and cost-effective financial supervision. The central argument of the paper is that there are complementarities and information synergies between prudential financial supervision, which aims at safeguarding the integrity and stability of the financial system, and the core central banking function of monetary policy. The point is made that that monetary policy and prudential supervision for financial stability should therefore be put under one roof, particularly in small jurisdictions, where duplication of research and information on the financial system leads to the wasteful use of limited human, technical (which includes technology) and financial resources.

摘要

本文研究了小辖区金融监管的制度架构，并提出了改革建议，以实现更有效和更具成本效益的金融监管。论文的核心论点是，旨在维护金融体系完整性和稳定性的审慎金融监管与货币政策的核心中央银行职能之间存在互补性和信息协同作用。有人指出，货币政策和金融稳定的审慎监管因此应放在一个屋檐下，特别是在小型司法管辖区，在这些司法管辖区，对金融系统的研究和信息重复导致浪费使用有限的人力、技术（包括技术）和财政资源。