Improving Banking Supervisory Mechanisms
In the OIC Member Countries
48
countries possess an average tenure level which is higher than the EU-27 average with 10.1
years, however below US which has an average tenure level of 15 years. Indonesia with 20
years tenure level in the last survey, exhibit the highest experience, followed by Turkey and
Nigeria with tenure levels of 15 and 10 years respectively.
Table 15 Supervisory Tenure (Selected Power Index)
Source: World Bank, Bank Regulation and Supervision Survey
Second question measures the degree to which the supervisory authority is independent
within the government from political influence, which takes the values 0 and 1 where high
value indicates greater independence from political authority, which is critical for autonomy of
the supervision. We observe that the selected OIC member countries perform really well under
this criterion with an average of 0.7, which is equal to EU-27 average and much higher than US
with a value of 0. Indonesia, Malaysia, Pakistan and Turkey have a value of 1, which suggests