This raised questions about prudential supervision, chiefly whether sufficient resources exist to check whether the institutions are financially sound.

But the extent of intervention they condone differs, reflecting their different views concerning how dysfunctional the prevailing approach to supervision and prudential regulation is.

While prudential regulation and supervision can never be perfect, extending such oversight to hedge funds and other unregulated institutions can still moderate the downsides.

In India, the government has announced the establishment of the Financial Stability and Development Council (FSDC) to address inter regulatory coordination issues and provide macro prudential supervision.

As for financial supervision, stability would be guaranteed by ensuring that individual financial institutions adopt sound prudential rules that preserve capital cushions commensurate with their risk exposure.

But monetary policy, not bank supervision, is the raison d être of central banks, whereas the banks can be well handled by the newly established European Systemic Risk Board (ESRB), which will be responsible for macro prudential supervision in Europe from January 1, 2011.

Along with strong prudential supervision, this should help manage the vulnerabilities of capital account volatility and credit booms, and lay the groundwork for the eventual adoption of the euro.

Strict supervision limited budget

Much stronger supervision was needed.

The children need adult supervision.

The prudential supervision regime initiated by the Bank of Spain in response to the Spanish banking crises of the 1980 s and 1990 s shows what a sensible middle way might look like.

Recent attempts to remedy this under the Capital Requirements Directive have been disappointing, even though it was plainly the best that could be achieved politically given EU countries differing views on prudential supervision.

A third role for the IMF is macro prudential supervisor.

A similar institutional design could be adopted for prudential policies.

Prudential controls on capital flows make a lot of sense.

He wrote his thesis under Tobin s supervision.

(i) The date of change in supervision

Currently, the newborn is under medical supervision.

The shop is kept under police supervision.

The crisis has underscored the utmost importance of macro prudential regulation.

Opponents of prudential oversight of systemic risk take two different positions.

Thankful for the government's supervision in relief work.

What will these central bankers do to advise on macro prudential risk?

Macroeconomic and financial stability require debt sustainability, prudential regulation, and sound money.

Under supervision, he looks after his clients much better.

This raised questions about prudential supervision, chiefly whether sufficient resources exist to check whether the institutions are financially sound. Nordea, for example, was created by merging four major national banks, and some 70 of its business is outside its legal domicile, Sweden.

In comparison with Thailand, Indonesia had an adequate provision of prudential rules and regulations.

It follows, then, that prudential regulation and competition policy in banking should be coordinated.

Independent supervision of the referendum must be agreed upon soon.

Central bankers, however, seem to want to try macro prudential tools first (and sometimes exclusively).

The crisis has starkly revealed the insufficiencies of existing banking supervision.

Some member states favor restricting European supervision to systemically important banks.

Other emerging countries, like Peru, have tightened domestic prudential regulations with the same aim in mind.

A further distortion stems from the prudential regulation adopted in reaction to the global financial crisis.

Corruption, which blighted privatization elsewhere, should be minimized because of UN supervision.

Independence boosts the effectiveness of market supervision only when accompanied by accountability.

True, the current financial crisis has brought bank supervision to the fore.

They cannot limit themselves simply to supervision and appeals to the authorities.

They cannot limit themselves simply to supervision and appeals to the authorities.

Statisticians with Prudential identify premature mortality among those working with asbestos, who are subsequently refused life insurance.

Common and more integrated supervision is the first step towards a banking union.

But that will require strong international supervision, resembling today s EU Protectorate in Bosnia.

Prudential regulation discriminates on the basis of the transaction s currency of denomination or maturity, and that is good.

The newly passed US financial reform legislation entrusts macro prudential policy to a new Financial Stability Oversight Council.

Banking supervision was not included among the ECB s objectives, though one article of the treaty gives the system of European central banks as a whole the task of contributing to effective supervision.