What makes for good financial supervision?

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European Central Bank, Frankfurt

European Central Bank, Frankfurt

A good discussion always looks to the future: what can we learn from past problems, such as the failings to detect what appears to be massive fraud at Wirecard? And what are the requirements for effective supervision in the financial sector? Below are four of the most important attributes.

1. Judgement

Any financial supervisory authority must be able to filter out the problematic cases from all the financial institutions it supervises – and it must do so quickly and reliably.

To accomplish

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