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 Training expatriates - crucial components in preparing for overseas assignments by Jonathan Lecot
Cover of the book The global green consumer - A cross border market by Jonathan Lecot
Cover of the book Mr. Knightley and Jane Austen's concept of the gentleman ideal by Jonathan Lecot
Cover of the book Innovation in the context of 'Zotter Schokoladen-Manufaktur GmbH' by Jonathan Lecot
Cover of the book Can Global mentoring be applied successfully when considering the contrasting national views of mentoring? by Jonathan Lecot
Cover of the book The growth of uncertainty after the end of the Cold War and its impact on the security environment of states by Jonathan Lecot
Cover of the book Das Jüngste Gericht nach Jürgen Moltmann by Jonathan Lecot
Cover of the book 'There is not one Europe but many' (cf. Wæver 2009: 168) by Jonathan Lecot
Cover of the book Interactive Value Creation - Mass Customization by Jonathan Lecot
Cover of the book Why is Jane Austen's Northanger Abbey often referred to as a parody of the Gothic novel? by Jonathan Lecot
Cover of the book Solving the EU's democratic deficit through direct democratic veto rights? A critical assessment of Heidrun Abromeit's concept by Jonathan Lecot
Cover of the book Unemployment and delinquency by Jonathan Lecot
Cover of the book The core leadership competencies by Jonathan Lecot
Cover of the book Restructuring the German Welfare State. Health Care Policy and Reform in Germany by Jonathan Lecot
Cover of the book Global Brands & Culture 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