From Fragmentation to Financial Integration in Europe / / edited by Charles Enoch [and three others]

• Record Nr.: UNINA9910453172103321
• Pubbl/distr/stampa: Washington : , : International Monetary Fund, , 2014
• ISBN: 1-4755-2047-6; 1-4755-7031-7; 1-4755-3408-6
• Descrizione fisica: 1 online resource (525 p.)
• Altri autori (Persone): EnochCharles
• Disciplina: 332.094
• Soggetti: Finance - European Union countries; Financial crises - European Union countries; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover; Contents; Foreword; Foreword; Acknowledgments; 1 Securing a Safer Financial System for Europe; PART I: FROM INTEGRATION TO CRISIS MANAGEMENT; 2 Institutional Setup for the Single Market and Economic and Monetary Union; 3 European Union Financial Integration before the Crisis; 4 Financial, Sovereign, and Macro Risk in the European Union: Contingent Claims Approach; 5 Crisis Management; 6 Risks and Vulnerabilities; 7 Progress with Bank Resolution and Restructuring in the European Union; 8 Fragmentation of the Financial System; PART II: UNDERPINNING FINANCIAL STABILITY IN THE ECONOMIC AND MONETARY UNION AND THE EUROPEAN UNION9 Banking Union and Single Market: Consistent Setup and Risk Mitigation; 10 Legal Underpinnings of an EU Banking Union; 11 The Single Supervisory Mechanism; 12 The Single Resolution Mechanism; 13 Bank Recapitalization; 14 Deposit Insurance in the European Union; 15 Governance and Transparency of EU-Wide Institutions; 16 European Union Banking Regulatory Framework and Authorities: An Overview; 17 Stress Testing European Banks; 18 An Assessment of Markets and Credit Rating Agency Regulation; 19 European Insurance and Occupational Pensions Authority20 Macroprudential Oversight and the Role of the European Systemic Risk Board; 21 Addressing Cross-Border Aspects of Securities Clearing and Settlement Systems in the European Union; 22 Mortgage Markets and Foreclosure Processes in Europe and the United States; 23 Resolving Systemically Important Financial Institutions: Mandatory Recapitalization of Financial Institutions Using "Bail-Ins"; PART III: BEYOND THE CRISIS; 24 Structural Measures for the New European Architecture; 25 Some Wider Challenges; Contributors; Index; A; B; C; D; E; FG; H; I; J; K; L; M; N; O; P; Q; R; S; T; U; V; W
• Sommario/riassunto: From Fragmentation to Financial Integration in Europe is a comprehensive study of the European Union financial system. It provides an overview of the issues central to securing a safer financial system for the European Union and looks at the responses to the global financial crisis, both at the macro level?the pendulum of financial integration and fragmentation?and at the micro level?the institutional reforms that are taking place to address the crisis. The emerging financial sector management infrastructure, including the proposed Single Supervisory Mechanism and other elements of a banking u