NEW ARCHITECTURE OF SUPERVISION OVER THE FINANCIAL MARKET IN THE EUROPEAN UNION Cover Image

NOVÁ ARCHITEKTÚRA DOHĽADU NAD FINANČNÝM TRHOM V EURÓPSKEJ ÚNII
NEW ARCHITECTURE OF SUPERVISION OVER THE FINANCIAL MARKET IN THE EUROPEAN UNION

Author(s): František Palko
Subject(s): EU-Accession / EU-DEvelopment, Financial Markets
Published by: Masarykova univerzita
Keywords: supervision over the financial market; systematic risks; macroprudential and microprudential supervision; European committee for the systematic risks;
Summary/Abstract: This article deals with the topic of the new institutional organisation of the supervision over the single European financial market, which came in force in January the 1st 2011.Establishment of new institutions and supervision competences is the reaction to the global financial crises. Their target is to create preconditions to prevent the formation of serious systematic risks in the financial market, which could break out into the problems in real economics.