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Paul Tucker is the author of Unelected Power and Global Discord, a Fellow at the Harvard Kennedy School, and a former central banker. He is writing a book on how to sustain liberalism, democracy, and market economics.

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Supervision in Comparative Perspective

This post is part of Notice & Comment’s symposium on Peter Conti-Brown and Sean Vanatta’s Private Finance, Public Power: A History of Bank Supervision in America.

Reading Peter Conti-Brown and Sean Vanatta’s rich history of banking supervision in the U.S., I was prompted to ask myself whether there is a meta-account of supervision that would fit all rich liberal democracies, or even all states, with local variants reflecting specifically local conditions. At an abstract level, this would be in the spirit of pragmatic genealogy, comprising a stylized general story of functional purpose that gets cashed out in national or regional stories that reflect locally salient focal points.  I think there is such a stylized story, but one that throws up intriguing questions when applied to the U.S. READ MORE

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