1.

Record Nr.

UNINA9910973787003321

Titolo

A European Mandate for Financial Sector Supervisors in the EU

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612842283

9781462359820

1462359825

9781452725864

1452725861

9781282842281

1282842285

9781451871524

145187152X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (32 p.)

Collana

IMF Working Papers

Disciplina

379.158094

Soggetti

Banks and banking - State supervision

Banks and banking - Government policy

Banking

Banks and Banking

Banks and banking

Banks

Business and Financial

Crisis management

Deposit insurance

Depository Institutions

Economic & financial crises & disasters

Economic sectors

Finance

Finance: General

Financial crises

Financial Institutions and Services: General

Financial Institutions and Services: Government Policy and Regulation

Financial regulation and supervision

Financial Risk Management

Financial sector policy and analysis

Financial sector policy

Financial sector stability

Financial sector



Financial services industry

Financial services law & regulation

General Financial Markets: Government Policy and Regulation

Industries: Financial Services

International Relations and International Political Economy: Other

Law and legislation

Micro Finance Institutions

Mortgages

Other Economic Systems: International Trade, Finance, Investment and Aid

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.