European Financial Regulation: How to Make It More Workable

12 Pages Posted: 10 Sep 2016 Last revised: 30 Sep 2016

See all articles by Eddy Wymeersch

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

Date Written: June 14, 2016

Abstract

Everyone working in the field of financial regulation – but in other fields as well - is struck by the great number of documents that are being proposed or adopted in this field by the international institutions (FSB, BCBS, BIS, OECD, etc.), but even in greater quantity, by the European institutions. The present paper is aimed at exposing this problem and its increasing complexity, leading to a risk of destabilising the financial regulatory system, creating overlaps and gaps, and possibly engaging the liability of financial institutions. But the problem can be solved. The first and most practical solution consists of organising an integrated website where all texts of whatever nature are posted in a coordinated way, integrating the respective changes and the implementing documents, including level 3, q&a’s, recommendations and other authoritative statements. As in many fields, national legislation remains applicable, it should be included. An initiative from the European institutions would be most welcome.

Suggested Citation

Wymeersch, Eddy O., European Financial Regulation: How to Make It More Workable (June 14, 2016). Available at SSRN: https://ssrn.com/abstract=2821135 or http://dx.doi.org/10.2139/ssrn.2821135

Eddy O. Wymeersch (Contact Author)

Ghent University - Financial Law Institute ( email )

Universiteitstraat 4
Gent, B-9000
Belgium
+32 9 264 68 27 (Phone)
+32 9 264 68 55 (Fax)

HOME PAGE: http://www.law.ugent.be/fli

ECGI ( email )

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Belgium

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