A NEW APPROACH TO FINANCIAL REGULATION AT THE EUROPEAN LEVEL
A NEW APPROACH TO FINANCIAL REGULATION AT THE EUROPEAN LEVEL
Author(s): Ioana Laura VăleanuSubject(s): Supranational / Global Economy, Financial Markets
Published by: Editura Universităţii Vasile Goldiş
Keywords: financial regulation; financial stability; banking system
Summary/Abstract: With the recent financial and economic crisis onset, a fragility of the financial system became apparent, under the form of a series of vulnerabilities and failures with a strong destabilizing impact on the economy. In this context, a new approach to financial stability has outlined itself, pleading for a more extensive financial regulation and macro-prudential supervision, complementary to the micro-prudential one. The objectives of this article are to highlight the context and need for a new financial regulatory framework and underline the main problems of the banking system the new European regulations addresses.
Journal: CES Working Papers
- Issue Year: 7/2015
- Issue No: 4
- Page Range: 901-913
- Page Count: 13
- Language: English