{"product_id":"collectif-banking-supervision-in-the-european-community-institutional-aspects-9782800411132","title":"Banking supervision in the European community : institutional aspects","description":"\u003cp\u003eHow has prudential supervision to be\n conceived and organized for an\n emerging single financial market ?\n This is the concern of the present\n book which consists in a report\n prepared by an international group of\n experts chaired by Professor Jean-Victor\n Louis and working in the\n framework of the ECU Institute, based\n in Lyon.\u003c\/p\u003e\u003cp\u003eWhat are the objectives of prudential\n control ? Does the new situation deriving\n from the Single Market directives\n and the perspective of the Monetary\n Union require to supplement and coordinate\n the existing system of supervision\n - a \"patchwork of tradition\" - in\n the Member States ? What are the\n possible orientations to recommend ?\u003c\/p\u003e\u003cp\u003eIn this book - which includes in a\n second part reports on the organization\n of prudential control in each of the\n twelve Member States, before the\n widening of the Union, and a report\n on the United States - the authors\n explain why they consider that the\n application of the primary responsibility\n for solvency questions of the\n authorities of the Home Country of the\n institutions, completed by a network\n of (bilateral) co-operation between\n authorities, is not possibly able to\n guarantee the systemic stability which\n is the main target of supervision, the\n risks being increased by the\n expansion of activities at continental\n dimensions. They believe that some\n measure of centralization is needed,\n and therefore compatible with the\n principle of subsidiarity. This centralization\n is requested as far as legislation\n and regulation are concerned but\n direct responsibilities for the control of\n larger banks can also be placed in\n the hands of a central authority. The\n Maastricht Treaty gives some limited\n powers and provides for a possible\n transfer of competences to the\n European Central Bank. However, the\n report which states the arguments in\n favor and against concentration of\n prudential supervision in the hands of\n a central bank does not exclude the\n possibility of creating a specialized\n authority which could have a larger\n horizontal competence (conglomerates,\n securities, insurances) than a\n central bank. It would be useful to\n introduce in the treaty at the Intergovernmental\n Conference of 1996, an\n enabling clause which would provide\n for the possible creation of such a\n specialized authority which should\n work hand in hand with the European\n Central Bank.\u003c\/p\u003e","brand":"UNIV BRUXELLES","offers":[{"title":"Default Title","offer_id":53881693241686,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9782800411132_1.jpg?v=1781862790","url":"https:\/\/www.momoxbooks.com\/products\/collectif-banking-supervision-in-the-european-community-institutional-aspects-9782800411132","provider":"momoxbooks","version":"1.0","type":"link"}