Financial Market Stability in the European Union: Enhancing Regulation and Supervision
Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion more...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion more likely. An important challenge for the EU is to manage systemic risks and cross-border contagion to ensure financial stability in an integrated financial market. The financial market turmoil has also highlighted some gaps in the regulatory and supervisory framework. Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done. In particular, further steps are needed to remove the mismatch between integrating European financial markets on the one hand, and largely national supervision on the other. Attention should also be given to the question of which measures are adequate to dampen the procyclicality of the financial system. New regulations should not impose unnecessary costs on consumers, businesses and financial institutions, nor create obstacles to further market integration |
| Beschreibung: | 1 Online-Ressource (44 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/226578225340 |
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| spelling | Lawson, Jeremy Verfasser aut Financial Market Stability in the European Union Enhancing Regulation and Supervision Jeremy Lawson, Sebastian Barnes and Marte Sollie = Stabilité des marchés de capitaux dans l'Union européenne : Améliorer la réglementation et le contrôle / Jeremy Lawson, Sebastian Barnes et Marte Sollie Stabilité des marchés de capitaux dans l'Union européenne : Améliorer la réglementation et le contrôle Paris OECD Publishing 2009 1 Online-Ressource (44 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion more likely. An important challenge for the EU is to manage systemic risks and cross-border contagion to ensure financial stability in an integrated financial market. The financial market turmoil has also highlighted some gaps in the regulatory and supervisory framework. Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done. In particular, further steps are needed to remove the mismatch between integrating European financial markets on the one hand, and largely national supervision on the other. Attention should also be given to the question of which measures are adequate to dampen the procyclicality of the financial system. New regulations should not impose unnecessary costs on consumers, businesses and financial institutions, nor create obstacles to further market integration Economics European Union Barnes, Sebastian ctb Sollie, Marte ctb https://doi.org/10.1787/226578225340 Verlag kostenfrei Volltext |
| spellingShingle | Lawson, Jeremy Financial Market Stability in the European Union Enhancing Regulation and Supervision Economics European Union |
| title | Financial Market Stability in the European Union Enhancing Regulation and Supervision |
| title_alt | Stabilité des marchés de capitaux dans l'Union européenne : Améliorer la réglementation et le contrôle |
| title_auth | Financial Market Stability in the European Union Enhancing Regulation and Supervision |
| title_exact_search | Financial Market Stability in the European Union Enhancing Regulation and Supervision |
| title_exact_search_txtP | Financial Market Stability in the European Union Enhancing Regulation and Supervision |
| title_full | Financial Market Stability in the European Union Enhancing Regulation and Supervision Jeremy Lawson, Sebastian Barnes and Marte Sollie = Stabilité des marchés de capitaux dans l'Union européenne : Améliorer la réglementation et le contrôle / Jeremy Lawson, Sebastian Barnes et Marte Sollie |
| title_fullStr | Financial Market Stability in the European Union Enhancing Regulation and Supervision Jeremy Lawson, Sebastian Barnes and Marte Sollie = Stabilité des marchés de capitaux dans l'Union européenne : Améliorer la réglementation et le contrôle / Jeremy Lawson, Sebastian Barnes et Marte Sollie |
| title_full_unstemmed | Financial Market Stability in the European Union Enhancing Regulation and Supervision Jeremy Lawson, Sebastian Barnes and Marte Sollie = Stabilité des marchés de capitaux dans l'Union européenne : Améliorer la réglementation et le contrôle / Jeremy Lawson, Sebastian Barnes et Marte Sollie |
| title_short | Financial Market Stability in the European Union |
| title_sort | financial market stability in the european union enhancing regulation and supervision |
| title_sub | Enhancing Regulation and Supervision |
| topic | Economics European Union |
| topic_facet | Economics European Union |
| url | https://doi.org/10.1787/226578225340 |
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