Financial Supervision in Europe
Editorial Reviews
Book Description
Financial Supervision in Europe discusses the implications of financial market integration for the structure of financial supervision in the European Union. It argues that, at present, negotiations on a European system of supervisors might lead to a compromise that may prove sub-optimal given the evolution of national supervisory models and international financial markets. As integration continues and the most appropriate national supervisory models emerge from a best practices approach, a reform of the organizational structure of supervision in Europe may become necessary.
The contributors provide an overview of different arguments surrounding this discussion, and illustrate that several improvements to the present structure of supervision are possible. These include proposals to facilitate the evolution of national models, and concepts to strengthen co-ordination in supervision and in establishing clear procedures in crisis management. Detailing financial market developments in Europe and the US, the book questions the incentives for national supervisory authorities to monitor cross-border activities, to exchange information and to take into account the impact of their dealings with the financial systems of other countries.
Classifying models for the organizational structure of financial supervision in Europe, this book will be of great interest to finance ministries, supervisory authorities, central banks and financial institutions. Students, lecturers and researchers of banking and finance will also find the book to be of importance.
About the Author
Jeroen J.M. Kremers, Professor of Economics, Erasmus University Rotterdam (OCFEB) and Deputy Treasurer-general and Director, Financial Markets Policy, Ministry of Finance, The Netherlands, Dirk Schoenmaker, Head, Financial Stability Division and Peter J. Wierts, Senior Economist, Financial Markets Policy Directorate, Ministry of Finance, The Netherlands
Financial Supervision in Europe,Jeroen Kremers,Dirk Schoenmaker,Peter J. Wierts,Edward Elgar Publishing,1840649313,Banks & Banking,Business & Economics,Business / Economics / Finance,Business/Economics,Congresses,European Union countries,Finance,Financial services industry,International finance,Law and legislation,Personal Finance - General
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