A NEW APPROACH TO FINANCIAL REGULATION AT THE EUROPEAN LEVEL
Journal Title: CES Working Papers - Year 2015, Vol 7, Issue 4
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.
Authors and Affiliations
Ioana Laura Valeanu
Keywords
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