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Supervision in sentence

353 examples of Supervision in a sentence

Second, however, national banking supervision in Europe fell far short of requirements and its overall credibility is now in question.
Much stronger supervision was needed.
Until recently, most banks focused on their country of origin, so risks largely arose under national systems of supervision.
Without a framework for more centralized supervision of a limited number of major international banks, the cost of a future cross-border crisis involving one of them is likely to be larger than Europe’s economy can afford.
An up-to-date system of EU supervision is more crucial than ever if Europe’s financial system is to serve its proper purpose.
Indeed, the drafters of the ECB statute produced an astonishingly far-sighted approach to banking supervision.
Their 1990 version of the Maastricht Treaty’s Article 25 on Prudential Supervision included the following provisions (placed in square brackets to show that they were not completely consensual): “The ECB may formulate, interpret, and implement policies relating to the prudential supervision of credit and other financial institutions for which it is designated as competent supervisory authority.”
Most important, supervision suggested some potential responsibility to recapitalize problematic banks, and thus involved a fiscal cost.
The most energetic actor behind the early thinking on banking supervision was a BoE official, Brian Quinn.
According to Article 25 of the Maastricht Treaty, the ECB may “offer advice to and be consulted by” the Commission or the Council on the scope and implementation of legislation relating to prudential supervision.
When that phrase was inserted in the Treaty, it appeared as if the hurdles to effective European banking supervision could hardly be set higher.
Nevertheless, fiscal rules and common banking supervision are still regarded in many quarters as an illegitimate encroachment on member states’ sovereignty.
The crisis has starkly revealed the insufficiencies of existing banking supervision.
On September 12, the Commission will present its proposals for a Single Banking Supervisory Mechanism based on three key principles:Single supervision: Within the eurozone, coordination between national supervisory bodies is no longer enough.
Common banking supervision is needed for strengthening confidence among countries using common financial backstops.
The choice of tasks to be entrusted to the ECB will ensure rigorous, high-quality, and equal prudential supervision of eurozone banks, thereby contributing decisively to maintaining confidence between the banks – and thus increasing financial stability throughout the eurozone.
Common and more integrated supervision is the first step towards a banking union.
Non-deliverable forward contracts should be subject to close regulation and supervision in both source and destination countries.
Most countries have the basic market infrastructure and regulations, but enforcement and supervision is often weak.
The recent crisis in Cyprus underscores the urgency of establishing a banking union that includes not only common supervision, but also resolution mechanisms and deposit insurance.
The right balance may vary depending on the size of the economy, the efficiency of domestic funding sources, and the strength of regulation and supervision.
Even so, more than three years later, that union – which entails supervision by the European Central Bank and the beginnings of a fund for restructuring failing banks, but lacks a common system for deposit insurance – is far from perfect.
But the UK government could – and undoubtedly would – veto any such adaptation of the Bank of England’s responsibilities for monetary policy, financial stability, and banking supervision.
Some at the Fed – Chairman Ben Bernanke and Vice Chair Janet Yellen – argue that policymakers can pursue both goals: the Fed will raise interest rates slowly to provide economic stability (strong income and employment growth and low inflation) while preventing financial instability (credit and asset bubbles stemming from high liquidity and low interest rates) by using macro-prudential supervision and regulation of the financial system.
The EU’s recent Treaty on Fiscal Union – the successor to the Growth and Stability Pact – prescribes binding legal commitments to balanced budgets and modest national debt, backed by supervision and sanctions.
The New Risks in Risk RegulationLONDON – When I took over responsibility for banking supervision in the United Kingdom, in 1995, a wise old bird in the Bank of England (BoE) warned me that I would find it a thankless task.
The price Hamas would have to pay is complete disarmament and demilitarization of Gaza under international supervision, with Abbas’s Palestinian Authority controlling the border crossings into Israel and Egypt.
And its very shadowiness implies that nothing can be done about it – whatever is there must be beyond the reach of regulation or effective supervision.
A crucial element of restoring confidence in Europe is agreement on a “roadmap” for the eurozone to underpin its monetary union with a fiscal union and a banking union, including pan-European supervision and deposit insurance.
The ECB is set to take over supervision of the 120 largest banks, which account for the bulk of eurozone banking assets, but the next required steps are already in doubt.
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