01980cas a2200265 a 4500 AALejournalIMF005902 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451872897 1018-5941 BD-DhAAL BD-DhAAL Quintyn, Marc. Will they Sing the Same Tune? : Measuring Convergence in the new European System of Financial Supervisors / Marc Quintyn, Donato Masciandaro, Maria Nieto. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto establishing a complex multiple principals-multiple agents network. This paper focuses on the network of national agencies. Starting from an analysis of supervisory architectures and governance arrangements, we assess to what extent lack of convergence could undermine efficient and effective supervision. The main conclusion is that harmonization of governance arrangements towards best practice would better align supervisors' incentive structures and, hence, be beneficial for the quality of supervision. Mode of access: Internet Masciandaro, Donato. Nieto, Maria. IMF Working Papers; Working Paper ; No. 2009/142 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/142/001.2009.issue-142-en.xml IMF e-Library