Cover IMF Working Papers
A European Mandate for Financial Sector Supervisors in the EU
Author: International Monetary Fund
Series:
IMF Working Papers
Volume/Issue:
Volume 2009: Issue 005
Language:
English
Publication Date:
01 Jan 2009
DOI:
https://doi.org/10.5089/9781451871524.001
ISBN:
9781451871524
ISSN:
1018-5941
Pages:
32
Keywords:
WP; government; country; EU member country; EU directive; EU regulation; government authority; Cross-border cooperation; EU; financial sector supervision; supervisory authorities; national authorities; EU institution; state capital; country B bank; Financial sector; Financial sector stability; Deposit insurance; Financial sector policy; Europe; Australia and New Zealand
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (718.1 KB) Download Epub
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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund