Download this Paper Open PDF in Browser

The Structure of Financial Supervision in Europe: About Single, Twin Peaks and Multiple Financial Supervisors

56 Pages Posted: 24 Nov 2006  

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

Date Written: 2006

Abstract

In Europe three models of financial supervision are being practised: a three pillar model (banking, insurance and securities), a two pillar model (prudential v. conduct of business) and an integrated model (all types of supervision under one roof). This paper gives an overview of the models followed in each of the European states, and analyses the characteristics of the different models. Although the choice for a specific model is determined by political, historical and path dependence factors, recently a trend for integration has become visible. The paper attempts to compare to pros and cons of the different models.

Keywords: financial supervision

JEL Classification: K2

Suggested Citation

Wymeersch, Eddy, The Structure of Financial Supervision in Europe: About Single, Twin Peaks and Multiple Financial Supervisors (2006). Available at SSRN: https://ssrn.com/abstract=946695 or http://dx.doi.org/10.2139/ssrn.946695

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 )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Paper statistics

Downloads
3,075
Rank
2,718
Abstract Views
7,929