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The road ahead after de Larosière. CEPS Policy Brief No. 195, 7 August 2009

Lannoo, Karel. (2009) The road ahead after de Larosière. CEPS Policy Brief No. 195, 7 August 2009. [Policy Paper]

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    Abstract

    The European Council meeting of June charged the European Commission with responsibility for drafting “by early autumn 2009 at the latest” the proposals to implement a new framework for EU financial supervision, as called for by the de Larosière Committee. This new Policy Brief by CEPS Chief Executive Karel Lannoo outlines the challenges and pitfalls that the Commission faces in developing the objectives, functions, organisation, governance and funding of essentially four new entities: a European Systemic Risk Board (ESRB) and a European System of Financial Supervisors (ESFS), comprising three functional authorities. Given that these ambitious measures come on top of other proposed initiatives resulting from G-20 commitments and that they will have to be pushed through in a context of a new European Parliament and a new European Commission, he cautions against expecting a swift or easy decision process.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > regulations/regulatory policies
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 26 Aug 2009
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:14
    URI: http://aei.pitt.edu/id/eprint/11431

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