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1. Financial services regulation and oversight.

Supervision is a key element in the prudential regulation and oversight of banks and similar financial firms.

Regulation is the most detailed structure and activity, focussing on individual firms.

Supervision is a higher-level activity than regulation, with a greater emphasis on groups of similar firms, and entire markets.

Oversight is the highest-level work, with even greater emphasis on the bigger picture, entire markets and related markets.

2. Professional standards - conduct - regulation - oversight.

Similar activities and structures in other sectors.

3. Personal professional standards - continuing professional development - individuals.

A structured process and relationship between a professional supervisee and a more senior and experienced member of the profession - the supervisor - to facilitate continuing personal and professional development of the supervisee.

See also