Internal Structure of Unified Supervisory Agencies
Given the arguments that have been outlined, the objective within a single agency must be to create an internal organizational structure that maximizes the potential advantages (e. g., cost efficiency, less regulatory arbitrage), while at the same time guarding against the potential hazards (e. g., heavy bureaucracy, lack of focus). Internal organization could reflect different institutional types or different functional lines. For instance, some supervisory activities (e. g., licensing, prudential control) could be established to cover all institutional types. A number of variations are possible. Country experiences to date suggest that no one model for the internal organization of unified agencies has been notably more successful than any of the others.