Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

22 June 2010

ECON committee follow-up study to Financial Supervision and Crisis Management in the EU


The study states the difficulties for regulators to control systemic risks in liberalised international financial markets and calls for consideration for an alternative regulatory approach.

The financial crisis that began in 2007 as a liquidity crisis for banks has transformed itself into a sovereign debt crisis that threatens the viability of the eurozone and the foundations of the European Union. In this study, we analyse some of the recent regulatory initiatives in response to the crisis and their implications for the EU financial system and economy.
Although EU policymakers are adopting important institutional reforms to create a more robust macro-prudential supervisory framework, serious gaps and weakness remain in EU regulation, crisis management, and burden sharing.
The study concludes that in liberalised international financial markets it will always be very difficult for regulators to control systemic risks and that alternative regulatory approaches should be considered.


© European Parliament

Documents associated with this article

EP follow up report.pdf


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment