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This Policy Brief was adapted from a paper written by the three authors and presented by Bruegel Director Jean Pisani-Ferry at the informal ECOFIN Council meetings in Gothenburg, Sweden, on 1 Oct. In the brief, the authors argue that bank recapitalisation and restructuring should be a matter of...
Persistent link: https://www.econbiz.de/10009463775
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...
Persistent link: https://www.econbiz.de/10009463800
lucrative returns on capital, and by the growth in the supply of capital by institutional and other non-bank investors. This …
Persistent link: https://www.econbiz.de/10009463950
of an Article 36 equivalent for financial services. The result is a European regime with a high degree of internal …
Persistent link: https://www.econbiz.de/10009463693
This chapter asks why and how services that are not previously thought of as tradable have increasingly been opened up … argues that lobbying by producers or users of services cannot fully explain reform nor does EU membership simply constrain … particular, the ability of the government to re-interpret services as regular tradable products combined with new regulation to …
Persistent link: https://www.econbiz.de/10009463700
[From the Introduction]. This paper reviews single market regulation, with particular reference to the financial sector and uses this as a foundation to consider the process whereby a European market is developing. Unlike much previous analysis which has emphasized the role of state interests...
Persistent link: https://www.econbiz.de/10009463725
Public authorities overseeing the International Financial Reporting Standards (IFRS) Foundation, through the Monitoring Board in place sinceearly 2009, should encourage the Foundation to make itself more directlyaccountable to the global investment community. The Monitoring Board should...
Persistent link: https://www.econbiz.de/10009463746
Persistent link: https://www.econbiz.de/10009463762
This paper argues that transparency-boosting measures specifically tailored to commodity and commodity derivatives markets are much needed. In particular, encouraging the creation of a clearing infrastructure for OTC commodity and commodity derivatives markets would be desirable. Moreover, EU...
Persistent link: https://www.econbiz.de/10009463763
The financial crisis exposed dangerous weaknesses in the regulatory and oversight structure that need to be urgently corrected to restore confidence in the financial system and to keep the single market alive. Towards this end, this CEPS Task Force report puts forward three main policy...
Persistent link: https://www.econbiz.de/10009463765