Financial Regulation and Supervision

This book offers a detailed examination of the evolving financial regulatory framework in the EU, exploring its implications for institutions, cross-border implementation, and the effectiveness of new regulatory bodies.

Financial Regulation and Supervision offers an in-depth examination of the evolving landscape of financial regulation within the European Union. It delves into the implications of these changes for financial institutions and the challenges associated with implementing new rules across borders. The book provides a thorough analysis of the regulatory structures that have emerged in response to financial crises, shedding light on the complexities involved in establishing effective supervision.

The first section of the book assesses the reforms that have been instituted, exploring the historical context that led to these changes. It outlines the new regulatory framework, which includes the establishment of three distinct regulatory agencies and a systemic risk board. The author critically evaluates the roles and responsibilities of these bodies, as well as their potential effectiveness in overseeing financial practices and ensuring stability in the sector.

In the latter part of the book, the focus shifts to the practical aspects of implementing these regulations in a cross-border environment. The discussion highlights the progress made in international cooperation, particularly through the efforts of the Financial Stability Board on behalf of the G20. Additionally, the text addresses the rapid adaptation of sectoral regulations, such as Basel III and MiFID, underscoring the ongoing evolution of financial oversight. Overall, this comprehensive account provides valuable insights into the current state and future direction of financial regulation and supervision in the EU.