A European Mandate for Financial Sector Supervisors in the EU
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Summary:
The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.
Series:
Working Paper No. 09/5
Subject:
Bank supervision European Union Financial stability Governance Intergovernmental fiscal relations International cooperation Monetary authorities Monetary policy Political economy
English
Publication Date:
January 1, 2009
ISBN/ISSN:
9781451871524/1018-5941
Stock No:
WPIEA2009005
Format:
Paper
Pages:
32
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