A European Mandate for Financial Sector Supervisors in the EU

• Record Nr.: UNINA9910788349303321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2009
• ISBN: 1-4623-5982-5; 1-4527-2586-1; 9786612842283; 1-282-84228-5; 1-4518-7152-X
• Descrizione fisica: 1 online resource (32 p.)
• Collana: IMF Working Papers
• Soggetti: Banks and banking - State supervision; Banks and banking - Government policy; Banks and Banking; Finance: General; Financial Risk Management; Industries: Financial Services; Business and Financial; International Relations and International Political Economy: Other; Financial Institutions and Services: Government Policy and Regulation; Other Economic Systems: International Trade, Finance, Investment and Aid; General Financial Markets: Government Policy and Regulation; Financial Institutions and Services: General; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Financial services law & regulation; Economic & financial crises & disasters; Finance; Banking; Financial sector; Financial regulation and supervision; Deposit insurance; Financial sector stability; Economic sectors; Financial sector policy and analysis; Financial crises; Financial sector policy; Financial services industry; Law and legislation; Crisis management; Banks and banking; New Zealand
• 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.
• Nota di contenuto: Contents; I. Introduction; II. A System of National Supervisors; Table; 1. EU Area: Supervisory Structures; Figures; 1. EU Area: National Supervisory Models; 2. EU Area: Main Additional Tasks of National Supervisory Authorities; III. Formulation and Implementation of a European Mandate; Box; 1. Mutual Responsibilities of Supervisors in Australia and New Zealand; IV. Conclusions; Appendix; I. Recent EU Initiatives on a European Mandate for Supervisors; References
• Sommario/riassunto: The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.