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Going Forward: Regulation and Supervision after the Financial Turmoil

14 Pages Posted: 23 Jun 2009  

Lorenzo Bini Smaghi

European Central Bank (ECB)

Date Written: June 2009

Abstract

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

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

Lorenzo Bini Smaghi (Contact Author)

European Central Bank (ECB)

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

HOME PAGE: http://www.ecb.int/ecb/orga/decisions/html/cvbinismaghi.en.html

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