Financial and Banking Regulation and Supervision within the EU

• Authors: Constanze Lehleiter
• Languages of publication: EN

Abstracts

EN

The European Union (EU) has faced not only the international financial crisis, but also the European banking and the sovereign debt crisis. A lack of efficient regulations and supervision were a serious cause of recent developments. As a reaction, the EU finally implemented a framework covering both micro- and macro-prudential policies. Measures such as the new capital requirements, the deposit guarantee schemes, the green paper on shadow banking and, most importantly, the new approach for a macro-prudential supervision are headed towards crisis prevention. However, the challenge is to define regulations enhancing financial stability, which, at the same time, do not prevent institutions from generating reasonable financial risks and do not reduce growth. In that regard, the presented measures still have deficits which have to be faced. Furthermore, coordination between various authorities and the European Commission remains another challenge.

Keywords

EN

CRD/CRR; crisis prevention in the EU; financial market regulation; macro-prudential supervision; SSM

• Publisher: Sciendo
• Journal: Baltic Journal of European Studies
• Year: 2013
• Volume: 3
• Issue: 2
• Pages: 17-37

Dates

published

2013-10-01

online

2013-10-23

Contributors

author

Constanze Lehleiter

• Dealis Fund Operations Governance, Risk and Compliance, Herriotstr. 1, Frankfurt am Main D-60528, Germany

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Identifiers

DOI

10.2478/bjes-2013-0011