14 Pages Posted: 23 Jun 2009
Date Written: June 2009
Today, the European Council is expected to endorse significant changes to the institutional set-up for financial supervision and regulation in the European Union. Undoubtedly these are important reforms, particularly - but not only - against the background of the financial crisis that started in August 2007. While the ECB has an interest in all these reforms, in particular on the macro-prudential side, namely the establishment of the European Systemic Risk Board (ESRB).
Suggested Citation: Suggested Citation
Bini Smaghi, Lorenzo, Going Forward: Regulation and Supervision after the Financial Turmoil (June 2009). Paolo Baffi Centre Research Paper No. 2009-47. Available at SSRN: https://ssrn.com/abstract=1424345 or http://dx.doi.org/10.2139/ssrn.1424345