Bankingregulation and Supervision in Europe - Who should be in charge?

Who should be in charge?

Business & Finance, Finance & Investing, Banks & Banking
Cover of the book Bankingregulation and Supervision in Europe - Who should be in charge? by Jonathan Lecot, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jonathan Lecot ISBN: 9783640663583
Publisher: GRIN Publishing Publication: July 19, 2010
Imprint: GRIN Publishing Language: English
Author: Jonathan Lecot
ISBN: 9783640663583
Publisher: GRIN Publishing
Publication: July 19, 2010
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2, Free University of Berlin, language: English, abstract: When the bank crisis finally reached its peak in the United States in mid September 2008, not only was the USA involved in this crisis but Europe also. Many of the European governments have had to intervene with the tax payers' money in order to avoid a bank failure. How did these negative cross-border effects come about? The massive deregulation of the banking system during the last 20 years led to an extreme enlargement of the banking system (Dermine, 2005) and large-scale cross-border mergers have become a trend. (Gulde/ Wolf, 2005). Also, due to the process of globalization, integration of the banking system has become more and more important. Therefore, correct banking regulation and supervision is all the more relevant. There are three main components of a bank regulatory arrangement: deposit insurance, supervision and Lender of Last Resort. In Europe, an approach of partial harmonization has been adopted, based on three main principles: harmonization of minimum standards, home-country control and mutual recognition. (Kahn and Santos, 2002, 4). Therefore, financial supervision in Europe remains very fragmented, at a country level. Any explicit reference regarding the assignment of European responsibilites, 'who takes care of financial stability in Europe', is still absent. (Die Giorgio, Di Noia, 2001,4).

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2, Free University of Berlin, language: English, abstract: When the bank crisis finally reached its peak in the United States in mid September 2008, not only was the USA involved in this crisis but Europe also. Many of the European governments have had to intervene with the tax payers' money in order to avoid a bank failure. How did these negative cross-border effects come about? The massive deregulation of the banking system during the last 20 years led to an extreme enlargement of the banking system (Dermine, 2005) and large-scale cross-border mergers have become a trend. (Gulde/ Wolf, 2005). Also, due to the process of globalization, integration of the banking system has become more and more important. Therefore, correct banking regulation and supervision is all the more relevant. There are three main components of a bank regulatory arrangement: deposit insurance, supervision and Lender of Last Resort. In Europe, an approach of partial harmonization has been adopted, based on three main principles: harmonization of minimum standards, home-country control and mutual recognition. (Kahn and Santos, 2002, 4). Therefore, financial supervision in Europe remains very fragmented, at a country level. Any explicit reference regarding the assignment of European responsibilites, 'who takes care of financial stability in Europe', is still absent. (Die Giorgio, Di Noia, 2001,4).

More books from GRIN Publishing

Cover of the book Man Doll and Woman Doll Strike Back - The De-construction of 1960s American Consumer Culture in Jean-Claude von Itallie´s 'Motel' by Jonathan Lecot
Cover of the book Communication Problems in Multicultural Companies by Jonathan Lecot
Cover of the book Digital Life by Jonathan Lecot
Cover of the book Capitalism vs. environmental sustainability by Jonathan Lecot
Cover of the book Lessons from German Unification for the Korean Peninsula by Jonathan Lecot
Cover of the book Pre-transitional populations: Natural Fertility by Jonathan Lecot
Cover of the book Why do Belgian consumers buy fair trade products... and why not? by Jonathan Lecot
Cover of the book The Representation of the Working Class in the Films Brassed Off and The Full Monty by Jonathan Lecot
Cover of the book Managing international Teams and Workforce Diversity by Jonathan Lecot
Cover of the book The Martens clause by Jonathan Lecot
Cover of the book The Relation to Oneself and the Other - Ethics in Michel Foucault by Jonathan Lecot
Cover of the book Marketing channel strategy for consumer goods by Jonathan Lecot
Cover of the book Differences in Television News Coverage; A Comparison of RTL aktuell and ARD Tagesschau by Jonathan Lecot
Cover of the book Decimation Lowpass Filters for SIGMA-DELTA Modulators - A Comparative Study by Jonathan Lecot
Cover of the book Synthesis and characterization of silver nanoparticles by 'Rhizopus stolonifer' and its activity against multidrug resistant 'Escherichia coli' and 'Staphylococcus aureus' by Jonathan Lecot
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy