In a recent paper entitled "Under Pressure: Taking Stock of Supervisory Resources," the Basel-based Financial Stability Institute (FSI) reports on the results of its study comparing supervisory staffing and budgets to total banking sector assets in 57 jurisdictions. The FSI found that banking supervisors in major financial centers face substantial resource constraints.
"While technology can certainly help increase its productivity, banking supervision is inherently labour-intensive," the FSI's Rodrigo Coelho and Rebecca Guerra write in the report. Although supervisors of globally systemically important banks (G-SIBs) have more staff and bigger budgets, jurisdictions without G-SIBs tend to allocate more resources relative to total assets.
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