56 t h e
s t a t e a s r e g u l a t o r a n d s u p e r v i s o r
GLOBAL financial DEVELOPMENT REPORT 2013
Box 2.2 What Is in the World Bank’s Bank Regulation and Supervision Survey? An important input into this chapter was the update of the World Bank’s Bank Regulation and Supervision Survey. The survey is a unique dataset of bank regulation and supervision around the world. In the early 2000s, the World Bank created a database of bank regulation and supervision around the globe (Barth, Caprio, and Levine 2001). The second, updated iteration of the database was issued in 2003, and the third version was issued in 2007. The survey has been widely used in research and policy work. The current round of the survey provides comprehensive information on the state of regulation and supervision around the world as of 2011. It is the first comprehensive look at regulation since 2007. Some of the questions have been kept unchanged from the 2007 survey, for reasons of comparability. Other questions have been reformulated to result in more precise answers. Several questions were added, in particular on consumer protection and macroprudential regulation. The survey involved a major effort to ensure the consistency of responses across countries. Its design involved expertise of both
supervisors and researchers, and detailed guidelines were drafted by a senior banking regulator to make the questions more specific and clearer. Data for 143 jurisdictions (see map B2.2.1) for 2010–11 allow comparisons across countries and with the previous three rounds. The survey consists of information from over 730 questions and subquestions in 14 sections. About half of the questions are the same as in the previous three survey rounds (for reasons of comparability), and about half are new (mostly on macroprudential issues, consumer protection, and Basel II implementation). The survey contains questions in the following 14 sections: 1. Entry into banking; 2. Ownership; 3. Capital; 4. Activities; 5. External auditing requirements; 6. Bank governance; 7. Liquidity and diversification requirements; 8. Depositor (savings) protection schemes; 9. Asset classification, provisioning, and write-offs; 10. Accounting/information disclosure; 11. Discipline/problem institution exit; 12. Supervision; 13. Banking sector characteristics; 14. Consumer protection.
Map B2.2.1 Coverage of the 2011 Bank Regulation and Supervision Survey
Source: World Bank.