A clear example of this in Israel is the fact that both banks, supervised by the Supervisor of Banks, and also insurance companies, supervised by the Capital Markets, Insurance and Savings Division of the Ministry of Finance, offer credit to businesses. Clearly, risk management in these entities should be subject to the same standards of supervision.
This problem can be solved simply, by merging, partially or totally, the various supervisory authorities. The best known example of such unification is that of the Financial Services Authority (FSA) established in the UK, which regulates the entire financial system in the UK. Other models exist, too, in different countries, such as partial mergers of financial supervision.