By Giuseppe Boccuzzi
The 2008 monetary concern all yet introduced down the economic climate and actual economies of commercial international locations. The Banking Union took a huge method of unravel the structural fragmentation and distortions within the ecu banking approach that have been significant stumbling blocks to a operating unmarried marketplace for monetary services.
This e-book examines the various alterations occurring to ecu law for the prevention and administration of banking crises. What emerges is a altering photo of laws and associations, of pursuits, instruments and critiques, private and non-private, ecu and nationwide all fascinated by the duty. The e-book specializes in the recent framework for banking obstacle administration, ranging from the rules of banking law and supervision. It explores the institutional structure of banking supervision and problem administration, the powers of the specialists, the instruments for administrative activities, the complexities of industrial and financial disaster legislation, person rights and their criminal promises.
Read Online or Download The European Banking Union: Supervision and Resolution PDF
Similar commercial books
Inside the business of illustration
This advisor to the fine details of trendy dynamic representation enterprise tells budding illustrators every little thing that their instructor did not recognize or their paintings director did not inform them. utilizing an exciting, operating narrative layout to examine key issues each illustrator needs to face this day, this publication covers discovering one's targeted type and setting up a stability among paintings and trade; tackling problems with authorship and promoting; and extra.
IFRS in a Global World: International and Critical Perspectives on Accounting
This publication, devoted to Prof. Jacques Richard, is ready the commercial, political, social or even environmental outcomes of environment accounting criteria, with emphasis on those who are purported to be prompted by way of the adoption and implementation of IFRS. The authors provide their reasoned evaluations of the effectiveness of IFRS in selling real worldwide comparison of monetary reporting.
The Sparkle Factory The Design and Craft of Tarina's Fashion Jewelry and Accessories
В книге представлены яркие неординарные проекты бижутерии и аксессуаров от дизайнера Tarina Tarantino. Советы по созданию необычных украшений, море красок, фантазии, а также идеи по созданию своего неповторимого образа.
- Fokker Commercial Aircraft. From the F.I. of 1918 up to the Fokker 100 of Today
- The Airline Business in the 21st Century
- Legal Guide for Starting & Running a Small Business, Seventh Edition
- Role-Playing Game and Collectible Card Game Artists: A Biographical Dictionary
- Qualitative Indicators of Labour Standards: Comparative Methods and Applications (Social Indicators Research Series)
- Advanced Business Programming with C# 2005
Additional info for The European Banking Union: Supervision and Resolution
Sample text
It does not have any decision-making powers. The bodies are regulated by the ECB Rules of Procedure. In practice, the separation of Supervisory Board and Governing Council is achieved through a delicate balance of power between them. The distinction of the functions is very important. The Supervisory Board plans and implements supervisory tasks. It is mainly technical in nature: conducting investigations and making proposals on the supervisory decisions. The ultimate responsibility for supervisory decisions rests with the Governing Council.
Some extreme proposals included the transformation of the Committees into agencies as a first step towards the centralisation of supervisory functions at the European level. However, the reform of the regulatory process in the financial sector did not change the allocation of responsibility for the exercise of banking supervision, which still remained firmly anchored in the national authorities. For cross-border banks, the existing regulatory framework included a substantial allocation of responsibilities between home and host country authorities.
The Directive envisages an architecture for co-operation between home and host authorities for emergency situations that threaten financial stability (Article 130). The authorities could conclude written agreements on coordination and co-operation, allowing the possibility of delegating supervisory functions to the authority responsible for supervision on a consolidated basis, and setting procedures for the decision-making process (Article 131) and provisions for the exchange of information essential for the exercise of supervisory functions over the group (Article 132).