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By Diane PIERRET and Sergio VICENTE, Assistant Professors of Finance at University of Luxembourg
Bank supervisors are authoritiesoverseeing and regulating financial institutions. Their primary goals are to ensure the safety and soundness of the financial system, protect depositors, and foster financial stability. Bank supervisors may be central banks (such as the Central Bank of Ireland), independent regulatory bodies (such as Luxembourg's CSSF), or a combination of different types of institutions depending on the country's regulatory and supervisory structure.
Supervision costs are significant. This task requires highly specialized personnel and...
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