Preventing the financial crisis according to the recommendations of the European Union bodies Cover Image

Zapobieganie wystąpieniu kryzysu finansowego według zaleceń organów Unii Europejskiej
Preventing the financial crisis according to the recommendations of the European Union bodies

Author(s): Marian Noga, Iwona Gulba
Subject(s): Politics / Political Sciences, Politics, Economy, Political Sciences, Public Finances
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: financial crisis; micro-prudential policy; macro-prudential policy; institutionalisation of systemic risk management

Summary/Abstract: The latest global economic crisis showed inconsistencies in the implementation of micro-prudential policyby credit institutions and investment firms in the EU and outside it on the one hand, and on the other handthe lack of regulation in the field of macro-prudential policy. It was only in 2013 that decisions were madein the Capital Requirements Directive IV and Capital Requirement Regulation package. In the article we verify the research hypothesis that the prevention of the financial crisis depends on the proper construction andconsistent implementation in practice of micro-prudential and macro-prudential policy as a part of institutionalsystemic risk management in the European Union. The verification of this hypothesis was carried out using methods of statistical analysis of secondary data, published by the European Commission and through the analysisof prudential requirements for credit institutions and investment firms included in the EU directives. The researchhypothesis was confirmed.

  • Issue Year: 2018
  • Issue No: 1
  • Page Range: 123-139
  • Page Count: 17
  • Language: Polish