Financial Regulation: Its Objectives and Their Implementation in the European Union

23 Pages Posted: 27 Mar 2019

See all articles by Eddy Wymeersch

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

Date Written: March 26, 2019

Abstract

On the basis of an analysis of the objectives of financial regulation, this paper analyses the extent to which these principles are implemented in the European Union, considering the specific legal structure of its financial regulation and the implementation by national competent authorities. The resulting landscape is one of considerable diversity and complexity, creating inefficiencies and distortions. The effect of this diversity on the integration of the financial markets should not been underestimated. The European Supervisory Authorities or ESA make serious efforts to reduce the level of diversity, but more in-depth exercises are needed.

JEL Classification: D62, G18, G28

Suggested Citation

Wymeersch, Eddy O., Financial Regulation: Its Objectives and Their Implementation in the European Union (March 26, 2019). European Banking Institute Working Paper Series 2019 – no. 36, Available at SSRN: https://ssrn.com/abstract=3360540 or http://dx.doi.org/10.2139/ssrn.3360540

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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