Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Financial supervision is not well served by half-baked solutions. CEPS ECMI Commentaries. 9 January 2008

Lannoo, Karel. (2008) Financial supervision is not well served by half-baked solutions. CEPS ECMI Commentaries. 9 January 2008. [Policy Paper]

[img]
Preview
PDF - Published Version
Download (45Kb) | Preview

    Abstract

    [From the Introduction] The decisions taken by the EU finance ministers at the Ecofin Council meeting in December 2007, in response to the turmoil in the markets, highlight the urgent need to subject the current European supervisory set-up to a more radical review. The measures proposed and the mandates given to the Commission and the supervisory committees constitute little more than short-term plumbing, lacking any long-term vision and a coherent institutional framework. The clearest example of this short-sightedness is the move to allow supervisory committees to take decisions by majority vote. Although this move is to be welcomed, it lacks any legal basis, as it concerns committees that are empowered to act merely in an advisory capacity, and whose advice can thus be ignored by member states, as some have already implied is their intention.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    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: UNSPECIFIED
    EU Series do not use: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECMI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Apr 2009
    Page Range: p. 2
    Last Modified: 08 Apr 2014 12:28
    URI: http://aei.pitt.edu/id/eprint/9411

    Actions (login required)

    View Item

    Document Downloads