| Description |
1 online resource (34 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/07/173 |
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IMF working paper ; WP/07/173.
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| Contents |
I. Introduction; II. The Current Financial System and Framework; A. The European Financial System; B. What Is Already in Place?; C. What Are the Fundamental Problems?; Boxes; 1. Impossibility of Implementing Ex-Post Efficient Dominant Strategies; III. The Proposal: A European Banking Charter; A. Features; B. Attractions; C. Issues; D. Alternatives; IV. Conclusion; Figures; 1. Adjustments in Prudential Practices Through Institution-Specific MOUs; Appendixes; I. Nordics: Institution-Specific MoUs On Supervisory Cooperation; II. The European Company Statute |
| Summary |
Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented supervisory frameworks and national accountability for financial stability hinder optimization across borders of banks' operations and efficient and effective LCFI supervision. A full-fledged EU-level prudential regime that operates along-side national regimes--a European Banking Charter (EBC)--could harness market forces to establish a level playing field for financial sector competition, while plugging some significant gaps in Europe's financial stability framework without concentrating excessive powers |
| Notes |
"July 2007." |
| Bibliography |
Includes bibliographical references (pages 30-34) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Banks and banking, European -- State supervision
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Financial institutions -- European Union countries
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Banking law -- Europe
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Banking law
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Financial institutions
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Europe
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European Union countries
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| Form |
Electronic book
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| Author |
Decressin, Jörg, author.
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International Monetary Fund. European Department.
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| ISBN |
1283517019 |
|
9781283517010 |
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9781451911909 |
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1451911904 |
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1462309410 |
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9781462309412 |
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1452759197 |
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9781452759197 |
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9786613829467 |
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6613829463 |
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