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The traditional approach of corporate governance in the financial sector often involved the regulator or bank supervisor relying on statutory authority to devise governance standards promoting the interests of shareholders, depositors and other stakeholders. In the United Kingdom, banking regulation has traditionally involved government regulators adopting standards and rules that were applied externally to regulated financial institutions. 7 Regulatory powers were derived, in part, from the informal customary practices of the Bank of England and other bodies that exercised discretionary authority in their oversight of the UK banking industry. In the United States, banking regulation has generally been. | WORLD DEVELOPMENT REPORT 1993 NG IN HEAL WORLD DEVELOPMENT INDICATORS World Development Report 1993 Investing in Health Published for the World Bank Oxford University .
