The Library
The role of external auditors in bank supervision : a supervisory gatekeeper?
Tools
Singh, Dalvinder (2012) The role of external auditors in bank supervision : a supervisory gatekeeper? Working Paper. Coventry: University of Warwick. Warwick School of Law Research Paper (Number 2012/21).
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://ssrn.com/abstract=2177953
Abstract
A recent response to the financial crisis has been to reinvigorate the use of external auditors in financial regulation. The UK Prudential Regulation Authority and Financial Conduct Authority are to use external auditors in a more systematic way than was the case with the Financial Services Authority. The use of external auditors is not new. This paper evaluates the UK experience and international use of external auditors in bank supervision. It suggests the current UK approach is of a first-tier order and does not go far enough in explaining how external auditors in bank supervision will be used, and this could lead to a possible expectations gap in banking supervision. To overcome the expectations gap, the paper proposes some further ideas from international experience to improve the way we use external auditors and manage the different roles and interests such auditors have in a twin private and public role. It is suggested these second-tier issues would go some way to improve how external auditors are used in bank supervision; to better coordinate intense-judgement based supervision between the regulator-bloodhound with the auditor-watchdog.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
---|---|---|---|---|---|
Divisions: | Faculty of Social Sciences > School of Law | ||||
Series Name: | Warwick School of Law Research Paper | ||||
Publisher: | University of Warwick | ||||
Place of Publication: | Coventry | ||||
Official Date: | 19 November 2012 | ||||
Dates: |
|
||||
Number: | Number 2012/21 | ||||
Number of Pages: | 20 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |