Regulation of supervision on financial markets
International Journal of Public Sector Management
ISSN: 0951-3558
Article publication date: 17 August 2012
Abstract
Purpose
The purpose of this paper is to consider financial services sector macro‐prudential and micro‐prudential supervisory reforms in the European Union (EU). It aims to critically examine the new system, reviewing in particular the adequacy of the reform to address financial crises.
Design/methodology/approach
The paper is based on a qualitative analysis of the relevant academic and trade literature.
Findings
In considering the new EU supervisory system's constitutional and legal foundation and its organizational structure, the study highlights the revamped and complex architecture's strengths and limitations.
Originality/value
The paper makes a contribution to the understanding of the new financial services sector supervisory system in the EU; few studies have analyzed its constitutional legality and satisfactoriness for the prevention of new crises.
Keywords
Citation
Costantino, F. (2012), "Regulation of supervision on financial markets", International Journal of Public Sector Management, Vol. 25 No. 6/7, pp. 437-443. https://doi.org/10.1108/09513551211260612
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited