Financial supervisory unification and financial intelligence units

Abstract

Examines the relationship between two recent developments in regulation and supervision of banking, financial and insurance markets: unification of supervision, and the establishment of financial intelligence units (FIUs) in many countries. Analyses FIUs, using a Financial Authorities Concentration Index to measure concentration of supervisory powers, and an alphabetical listing by 68 countries of their supervisory authorities. Asks whether creation of FIUs could be an obstacle to consolidation of supervision, with a tradeoff between the two. Lists by country its FIU’s title, type of institutional model (administrative, judicial or law enforcement) and the principal official concerned. Concludes that the creation of FIUs has so far not caused friction with the current consolidation process of financial supervision.

Citation

Masciandaro, D. (2005), "Financial supervisory unification and financial intelligence units", Journal of Money Laundering Control, Vol. 8 No. 4, pp. 354-370. https://doi.org/10.1108/13685200510620858