1.

Record Nr.

UNINA9910971333803321

Autore

Enoch Charles

Titolo

From Fragmentation to Financial Integration in Europe / / Charles Enoch, Luc Everaert, Thierry Tressel, Jianping Zhou

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

9781475520477

1475520476

9781475570311

1475570317

9781475534085

1475534086

Edizione

[1st ed.]

Descrizione fisica

1 online resource (525 p.)

Altri autori (Persone)

EveraertLuc

TresselThierry

ZhouJianping

Disciplina

332.094

Soggetti

Finance - European Union countries

Financial crises - European Union countries

Banks and Banking

Finance: General

Financial Risk Management

Money and Monetary Policy

Industries: Financial Services

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financial Institutions and Services: Government Policy and Regulation

General Financial Markets: Government Policy and Regulation

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Financial Crises

Banking

Economic & financial crises & disasters

Finance

Monetary economics

International economics

Financial services law & regulation

Bank resolution framework



Deposit insurance

Financial sector stability

Bank resolution

Financial crises

Financial sector policy and analysis

Banks and banking

Crisis management

Financial services industry

Credit

Financial risk management

United States

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 union for the euro area, are also discussed in detail.