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The proposals from a committee led by the former French central bank governor, Jacques de Larosière, fell short of advocating a single European superregulator, opting instead for a more pragmatic and incremental approach toward strengthening supervision.
The report proposed a host of reforms, including enhancing its monitoring of nonprofit providers, improving the review of cases when contracts are canceled, strengthening supervision of caseworkers and carrying out new documenting requirements.
So Hu Jintao's calls for strengthening supervision over leading cadres should not be dismissed as cosmetic (though implementing such calls will take more than the five years Hu has left as general secretary of the party).
Strengthening supervision and management at all levels was also emphasized as a critical need.
Finally, several initiatives emphasize the importance of strengthening supervision and management coaching and mentoring.
Therefore, strengthening supervision with a 'mentoring' spirit is the need of the hour (38).
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The ensuing policy changes expanded treatment programmes in the community and strengthened supervision of those on probation and parole.
The report is said to include proposals to strengthen supervision of banks' capital, amid concern that they failed to protect against the risks they took investing in sub-prime securities.
Separately, Treasury Secretary Timothy F. Geithner said that the government would press ahead with its overhaul of financial regulation under a new law intended to strengthen supervision and prevent future crises.
BRUSSELS — The Frenchman nominated to oversee the European Union's internal market told his critics Wednesday that he would regulate to strengthen supervision of financial services but would not seek to undermine the City of London's dominance of the sector in Europe.
In this case, in order to reduce information asymmetry, the principal tends to strengthen supervision over the agent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com