Abstract
Europe is in search of an optimal organization that will enable the efficiency of the surveillance of the banking and financial services industry by reforming the European Banking and Financial System. The purpose of this paper is to analyse some of the important issues concerning the prudential supervision of banks and financial institutions in the European Union and to discuss related concerns about regulation both at the European and international levels. We suggest that prudential rules and institutional arrangements could be further harmonized between Member States to limit the frequency and extent of individual bank or financial institution failures as well as those of systemic crises. Our results underline that the harmonization of rules, procedures, and institutional infrastructures of Member States and the implementation of a new institutional organization of coordination both at European and international levels could engender an increase in the quality of information exchanges between all actors.
Keywords
Financial regulation financial supervision financial crises European banking and financial system Europe
References
- Council of the European Communities. (1992). Treaty of the European Union. Luxembourg: Office for Official Publications of the European Communities.
- Couppey-Soubeyran, J., & Sessin, T. (2001). Pour une autorité de supervision financière européenne. Revue d’économie Financière, 143–160.
- De Larosière, J., Balcerowicz, L., Issing, O., Masera, R., McCarthy, C., Nyberg, L., … Ruding, O. (2009). Report of the high-level group on financial supervision in the EU. European Commission. Brussels.
- Kane, E. J. (1981). Accelerating inflation, technological innovation, and the decreasing effectiveness of banking regulation. The Journal of Finance, 36(2), 355–367.
- Kane, E. J. (1989). The S & L insurance mess: how did it happen? The Urban Insitute.
- Kozanoğlu, M. D. (2007). La Banque Centrale Européenne et la surveillance du système monétaire et financier en Europe (M.A. Thesis). Grenoble University, Grenoble.
- Lannoo, K. (1998). From 1992 to EMU: the implications for Prudential Supervision (Vol. 1998). Centre for European Policy Studies.
- Lawson, J., Barnes, S., & Sollie, M. (2009). Financial market stability in the European Union: Enhancing regulation and supervision. OECD Economic Department Working Papers, (670).
- Padoa-Schioppa, T. (1999). EMU and banking supervision. International Finance, 2(2), 295–308.
- Plihon, D. (2000). Quelle surveillance prudentielle pour l’industrie de services financiers? Revue d’économie Financière, 17–32.
- Schoenmaker, D., & Oosterloo, S. (2007). Crossborder Issues in European Financial Supervision. In The Structure of Financial Regulation (pp. 264–291). London: Routledge.
- Spaventa, L. (2009). Reforms of the world financial system: Can the G20 deliver? Retrieved from http://voxeu.org/article/reforms-world-financial-system-can-g20-deliver
Abstract
Avrupa, bankacılık ve finansal sistemini reforme
ederek, bankacılık ve finansal hizmetler endüstrisinin denetiminin
etkinliğini sağlayacak optimum bir organizasyon arayışı içindedir. Bu
makalenin amacı, Avrupa Birliği'ndeki bankaların ve finansal
kuruluşların ihtiyati denetimi ile ilgili önemli konulardan bazılarını
analiz etmek ve hem Avrupa düzeyinde hem de uluslararası düzeyde
düzenlemeyle ilgili endişeleri tartışmaktır. Münferit bankaların veya
finansal kurumların başarısızlıklarının yanı sıra sistemik krizlerin
sıklığını ve kapsamını sınırlandırmak için, ihtiyati kuralların ve
kurumsal düzenlemelerin üye devletler arasında daha uyumlu hale
getirilmesini önermekteyiz. Sonuç olarak, üye devletlerin kurallarının,
usullerinin ve kurumsal altyapılarının uyumlaştırılmasının ve hem
Avrupa'da hem de uluslararası düzeyde koordinasyonun
yeni bir kurumsal düzeninin uygulanmasının, tüm aktörler arasındaki
bilgi alışverişinin kalitesinde bir artışa neden olabileceğini
vurgulamaktayız.
Keywords
Finansal düzenleme finansal denetim finansal krizler Avrupa bankacılık ve finansal sistemi Avrupa
References
- Council of the European Communities. (1992). Treaty of the European Union. Luxembourg: Office for Official Publications of the European Communities.
- Couppey-Soubeyran, J., & Sessin, T. (2001). Pour une autorité de supervision financière européenne. Revue d’économie Financière, 143–160.
- De Larosière, J., Balcerowicz, L., Issing, O., Masera, R., McCarthy, C., Nyberg, L., … Ruding, O. (2009). Report of the high-level group on financial supervision in the EU. European Commission. Brussels.
- Kane, E. J. (1981). Accelerating inflation, technological innovation, and the decreasing effectiveness of banking regulation. The Journal of Finance, 36(2), 355–367.
- Kane, E. J. (1989). The S & L insurance mess: how did it happen? The Urban Insitute.
- Kozanoğlu, M. D. (2007). La Banque Centrale Européenne et la surveillance du système monétaire et financier en Europe (M.A. Thesis). Grenoble University, Grenoble.
- Lannoo, K. (1998). From 1992 to EMU: the implications for Prudential Supervision (Vol. 1998). Centre for European Policy Studies.
- Lawson, J., Barnes, S., & Sollie, M. (2009). Financial market stability in the European Union: Enhancing regulation and supervision. OECD Economic Department Working Papers, (670).
- Padoa-Schioppa, T. (1999). EMU and banking supervision. International Finance, 2(2), 295–308.
- Plihon, D. (2000). Quelle surveillance prudentielle pour l’industrie de services financiers? Revue d’économie Financière, 17–32.
- Schoenmaker, D., & Oosterloo, S. (2007). Crossborder Issues in European Financial Supervision. In The Structure of Financial Regulation (pp. 264–291). London: Routledge.
- Spaventa, L. (2009). Reforms of the world financial system: Can the G20 deliver? Retrieved from http://voxeu.org/article/reforms-world-financial-system-can-g20-deliver
Details
| Primary Language | English |
|---|---|
| Subjects | Political Science |
| Journal Section | Articles |
| Authors | |
| Publication Date | December 3, 2017 |
| Published in Issue | Year 2017 Volume: 1 Issue: 2 |
