Going Forward: Regulation and Supervision after the Financial Turmoil
Lorenzo Bini Smaghi
European Central Bank (ECB)
Paolo Baffi Centre Research Paper No. 2009-47
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).
Number of Pages in PDF File: 14
Date posted: June 23, 2009