In the Name of the Integration – The Reform of the Financial Supervisory System of the European Union

In 2007 the greatest economic crisis of the economic system based on the principles of capitalism has began, since the "Great Depression". The last quarter of the 20th century clearly permeated by the globalization of the financial market and at the same time the processes toward its deregulation and liberalization. As a consequence of these developments the financial sector – because its display for speculation – has drawn away the real economy and overbalanced the stability of the entire economic system. The globalization and technological development almost completely dismantled the state boundaries facing with the financial market and the deregulation seriously dented the possibilities of state's intervention. In these circumstances, the European Union has reacted very quickly to the economic crisis and both the tools and the organizational system of the European supervisory system over the financial market brought under complete revision. The study aims to provide an overview of the EU's financial supervision system reform, particularly with regard to the judicial protection of the reform's achievements