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:: year 13, Issue 43 (6-2020) ::
JMBR 2020, 13(43): 149-188 Back to browse issues page
Regulation of Financial System in Iran: A Comparative Evaluation
Davood Manzoor 1, Saeed Seyed Hoseinzadeh Yazdi1
1- Imam Sadiq University
Abstract:   (300 Views)
Regulation and supervision is the main prerequisite for the stability of financial systems. Financial supervision consists of four elements: supervisory rules and regulations, supervisory structure, supervisory performance, and independence of supervisory institutions. The recent international financial crisis has made many countries to restructure the regulation and supervision architecture of their financial systems. Global benchmarks and best practices usher to three main controversies in the restructuring of the supervision architecture of financial systems: level of decentralization in the regulatory and supervisory system, macro and business prudential policy, and the supervisory realm of central banks. This paper analyses the characteristics, challenges, and weaknesses of financial system supervision in Iran and tries to propose a model to renew or improve the existing regulatory structure and the key reasons for monitoring various financial institutions and markets and important areas of prudential supervision and business, working within or outside the realm of Central Bank of the Islamic Republic of Iran. Finally, a combined-twin-peaks model is proposed for restructuring the supervision and regulatory architecture for the Iranian financial system.
Full-Text [PDF 1268 kb]   (165 Downloads)    
Type of Study: Case Study | Subject: Monetary Policy, Central Banking, and the Supply of Money and Credit (E5)
Received: 2020/10/8 | Accepted: 2020/11/18 | Published: 2020/12/7
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year 13, Issue 43 (6-2020) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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