YANAGA MASAO    Department   Professional Graduate School  , Graduate School of Professional Accountancy    Position   Professor
Research Period	2012/04～2015/03
Research Topic	Bank supervisors' civil liability for negligent banking supervision
Research Type	KAKENHI Research
Consignor	Japan Society for the Promotion of Science
Research Program Type	Grant-in-Aid for Challenging Exploratory Research
KAKENHI Grant No.	24653019
Representative Person	YANAGA Masao
Details	Limiting bank supervisors’ liability is becoming popular in the EU. This trend is also confirmed by the regimes in force outside the EU both in some emerging countries and in the common law ones. The arguments in favour of limitation of supervisor’s liability are as follows: (i) the threat of liability can inhibit supervisors from freely exercising their discretionary powers and supervisory authorities should enjoy the necessary margin of manoeuvre for the effective performance of their statutory duties; (ii) the deeper pockets argument; and (iii) floodgates argument.