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The supervision of mixed financial services groups in Europe
Dierick, Frank - 2004
Over time, the banking, insurance and securities sectors have become increasingly interlinked and one way through which this occurs is via financial conglomerates. Such groups, in particular those that combine banking and insurance, have over time become more important in Europe. They require an...
Persistent link: https://www.econbiz.de/10011606172
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The New Basel Capital Framework and its implementation in the European Union
Dierick, Frank; Pires, Fatima; Scheicher, Martin; … - 2005
Following the adoption by the Basel Committee of new capital rules for banks, a process is now taking place in the EU to transpose the rules into Community law and, ultimately, into national legislation. This paper gives an overview of the main issues that relate to the EU implementation, mainly...
Persistent link: https://www.econbiz.de/10011606194
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Prudential and oversight requirements for securities settlement
Russo, Daniela; Caviglia, Giacomo; Papathanassiou, Chryssa - 2007
This paper is analysing the current national and international regulatory regimes relevant for European banks, CSDs and ICSDs, and is comparing them with the requirements in order to answer the following questions - Is there any overlap between the provisions of the CPSS-IOSCO Recommendations...
Persistent link: https://www.econbiz.de/10011606228
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A macro stress testing framework for assessing systemic risks in the banking sector
Henry, Jérôme (contributor); Kok, Christoffer (contributor) - 2013
The use of macro stress tests to assess bank solvency has developed rapidly over the past few years. This development was reinforced by the financial crisis, which resulted in substantial losses for banks and created general uncertainty about the banking sector's loss-bearing capacity. Macro...
Persistent link: https://www.econbiz.de/10011606304
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The role of state aid control in improving bank resolution in Europe
Dewatripont, Mathias; Nguyen, Gregory; Praet, Peter; … - 2010
assessment of state aid cases, managed to avoid single market distortions and mitigate moral hazard. This Policy Contribution …
Persistent link: https://www.econbiz.de/10010273715
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What kind of European banking union?
Pisani-Ferry, Jean; Sapir, André; Véron, Nicolas; … - 2012
This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which...
Persistent link: https://www.econbiz.de/10010293555
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The challenges of Europe's fourfold union
Véron, Nicolas - 2012
Five years after the first tremors in Europe's banking system, what makes the crisis unique is the absence of a democratically accountable decision-making framework; there is an 'executive deficit' that compounds Europe's democratic deficit. The author argues that the only way to resolve the...
Persistent link: https://www.econbiz.de/10010293574
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Should non-Euro area countries join the single supervisory mechanism?
Darvas, Zsolt; Wolff, Guntram B. - 2013
Irrespective of the euro crisis, a European banking union makes sense, including for non-euro area countries, because … banking union. From the point of view of non-euro countries, the draft SSM regulation as amended by the EU Council includes … applicability of national macro-prudential measures. Non-euro countries will also have the right to leave the SSM and thereby exempt …
Persistent link: https://www.econbiz.de/10010293581
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Europe's single supervisory mechanism and the long journey towards banking union
Véron, Nicolas - 2012
necessary (though not sufficient) condition for eventual crisis resolution that respects the integrity of the euro. The European …'s geographical perimeter; however, the status of non-euro area member states willing to participate in this mechanism, and the …
Persistent link: https://www.econbiz.de/10010293587