The establishment of the Single Supervisory Mechanism is only one step on a longer path towards European banking union, which itself cannot be considered in isolation from the challenges of fiscal union and political union. Losing the current momentum for the completion of this early step would...

Governance of the global economy is becoming a pressing matter and the situation is compounded by the growing number and diversity of players in the global economy. The authors argue that Europe is now in a position to take a leading role. Not only is it in Europeâ??s interest to reform the...

This Policy Brief looks at how the EU should react to the changing patterns of inward foreign investment, including a recent rise in investment coming from countries with diverse, often non-democratic political regimes. Lars-Henrik Röller and Nicolas Véron advocate building an EU-level policy...

Nicolas Véron argues that Europeâ??s arrangements for financial stability have been rendered inadequate by the emergence of Â?pan-European banksâ??, whose activities span several EU countries. In the event of failure of a pan-European bank, voluntary coordination between national authorities...

Nicolas Véron and Adam Posen believe Europe should build new long term European joint-action to face the likely high rising number of insolvent banks on the continent. The authors propose on the one hand, a centralised triage and restructuring process of bad European banks lead by a new...

Financial regulation at global level has been high on the G20 agenda. However, financial multipolarity, with the rise of emerging economies, and its impact on decision-making at global level has made global convergence difficult. In this policy brief, the authors, Bruegel Senior Fellow Nicolas...

The G20 leaders meet again in Toronto on June 26-27, and hopefully will make progress on reform of the International Monetary Fund and other issues of global economic governance. But on one distinctive part of their agenda, financial regulation, achievements so far are less impressive than the...

Accounting provides a fundamental underpinning for capital markets, and the worldwide spread of International Financial Reporting Standards (IFRS) marks one of the most advanced attempts to develop globally consistent financial rules. The financial crisis has generated heated debate on the...

This policy brief deals with the link between corporate finance and growth. The discussions about structural reform in Europe, including the EUÂ?s Lisbon strategy, put a legitimate emphasis on labour and product market reforms, but often overlook the role of the financial system in fostering...

Nicolas Véron presents and analyses new data about the internationalisation of Europe's largest companies and their US counterparts, and discusses some policy implications.