Building Supervisory Structures in Sub-Saharan Africa - An Analytical Framework

34 Pages Posted: 2 Feb 2007

See all articles by Marc Quintyn

Marc Quintyn

International Monetary Fund (IMF)

Michael Taylor

Hong Kong Monetary Authority

Date Written: Janurary 2007

Abstract

Current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate supervisory structures. Against the backdrop of worldwide efforts to remodel supervisory structures, this paper develops an analytical framework for designing a regulatory strategy that could assist in prioritizing the needs for regulation and supervision over time. Such a strategy should facilitate the design of a supervisory structure suitable for an individual country's current and future needs. The paper emphasizes that in the case of sub-Saharan Africa, any such strategy is constrained by the reality of capacity limitations and should take into account the need to keep the central bank involved in the process. Building on the framework, the paper identifies a number of supervisory structures that could meet sub-Saharan Africa's needs.

Suggested Citation

Quintyn, Marc and Taylor, Michael, Building Supervisory Structures in Sub-Saharan Africa - An Analytical Framework (Janurary 2007). IMF Working Paper No. 07/18, Available at SSRN: https://ssrn.com/abstract=961092

Marc Quintyn (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Michael Taylor

Hong Kong Monetary Authority ( email )

3 Garden Road, 30th Floor
Hong Kong
China

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