Download full text
(964.2Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-421919
Exports for your reference manager
Mecanismul supravegherii sistemului financiar în Uniunea Europeană
The Mechanism of Financial Supervision in the European Union
[journal article]
Abstract The health of the economy and the effectiveness of monetary policy depend on a sound financial system. Bank supervision involves monitoring and examining the condition of banks and their compliance with laws and regulations. If a bank under the Central Bank’s or other authority's jurisdiction is fou... view more
The health of the economy and the effectiveness of monetary policy depend on a sound financial system. Bank supervision involves monitoring and examining the condition of banks and their compliance with laws and regulations. If a bank under the Central Bank’s or other authority's jurisdiction is found to have problems or be non compliant with the authority of supervision may use its authority to request that the bank correct the problems. Bank regulation includes issuing specific regulations and guidelines to govern the operations, activities and acquisitions of banking organizations. On other hand, both theory (game theory) and practice (recent financial crisis) indicate that national interests prevail in cross-border resolution. National authorities aim for the least-cost solution for domestic taxpayers. This results in an undersupply of the public good of communautaire and global financial stability. To preserve the internal market in banking, this paper proposes a supranational approach to banking supervision and resolution in Europe.... view less
Keywords
EU; monetary policy; banking supervision; regulation; European Central Bank
Classification
European Politics
Economic Policy
Free Keywords
European System of Financial Supervisors (ESFS); banking union; single supervisory mechanism (SSM); single mechanism of resolution (SMS)
Document language
Romanian, Moldavian, Moldovan
Publication Year
2014
Page/Pages
p. 64-83
Journal
Studii Europene (2014) 1
ISSN
2345-1041
Status
Published Version; peer reviewed
Licence
Deposit Licence - No Redistribution, No Modifications