A European Mandate for Financial Sector Supervisors in the EU

January 1, 2009

Preview Citation

Format: Chicago

A European Mandate for Financial Sector Supervisors in the EU, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.

Subject: Banking, Deposit insurance, Economic sectors, Financial crises, Financial regulation and supervision, Financial sector, Financial sector policy, Financial sector policy and analysis, Financial sector stability

Keywords: Australia and New Zealand, Country, Country B bank, Cross-border cooperation, Deposit insurance, EU, EU directive, EU institution, EU member country, EU regulation, Europe, Financial sector, Financial sector policy, Financial sector stability, Financial sector supervision, Government, Government authority, National authorities, State capital, Supervisory authorities, WP

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/005
Stock No:

WPIEA2009005
ISBN:

9781451871524
ISSN:

1018-5941

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