Based on the World Bank’s Bank Regulation and Supervision Survey, this OIC Outlook Report explores mainly two questions. First, were there significant differences in regulation and supervision between OIC and crisis countries? Second, what aspects of regulation and supervision did change significantly during the crisis period? These specific questions are being asked in the widely argued context of why OIC countries, like many other developing countries, fared better and remained relatively unscathed during and in the aftermath of the recent global financial crisis.
In a nutshell, the results suggest that the overall regulatory response to the crisis has been slow, and there is room for further improving regulation and supervision, as well as private incentives to monitor risk-taking.
Online Electronic Version
Developments in Financial Regulation and Supervision in OIC Member Countries: A Comparative Look at the Course of Global Financial Crisis (English)