Download publication

Policy Contribution

EU financial regulatory reform: a status report

In this paper, Nicolas Véron argues that the EU regulatory response to the crisis has been generally slower in the EU than in the United States, for four main reasons: swifter financial crisis management and resolution in the US; structural differences in legislative processes; the EU’s front-loading of institutional reform, most notably the creation of […]

By: Date: December 9, 2010

In this paper, Nicolas Véron argues that the EU regulatory response to the crisis has been generally slower in the EU than in the United States, for four main reasons: swifter financial crisis management and resolution in the US; structural differences in legislative processes; the EU’s front-loading of institutional reform, most notably the creation of European Supervisory Authorities; and the timetable of renewal of the European Commission in 2009-10. The EU has nevertheless initiated or completed significant regulatory initiatives in terms of banking, market structures, private equity and hedge funds, rating agencies and accounting. However, major further challenges loom.

Download Publication

EU financial regulatory reform: a status report

Policy Contribution

EU financial regulatory reform: a status report

12m read (6 pages)

Download publication

Topics

Comments

Read article More on this topic More by this author

Opinion

Ashoka Mody

The market's troubling message

Amid one of the worst market routs on record, a chorus of reassuring economic commentators insists that global fundamentals are sound and investors are overreacting, behaving like a panicked herd. Don’t be so sure.

By: Ashoka Mody Topic: Finance & Financial Regulation Date: January 30, 2016
Read about event More on this topic

Upcoming Event

23 
Feb
2016
09:00

How to improve national insolvency regimes?

How can we reduce divergencies in national corporate insolvency regimes in order to create an integrated Capital Markets Union?

Speakers: Paul McGhee and Nicolas Véron Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read about event More on this topic

Past Event

Past Event

Impact of regulatory and supervisory reform on the banking sector

In the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent. One year after a major overhaul of European banking regulation and supervision, the National Bank of Belgium and […]

Speakers: Luc Coene, Mathias Dewatripont, Olivier Hamoir, Dominique Laboureix, Dirk Schoenmaker, Johan Thijs, Erik van der Plaats, Guntram B. Wolff and Diederik van Wassenaer Topic: Finance & Financial Regulation Location: Rue Montagne aux Herbes potagères 61, Brussels Date: January 28, 2016
Read about event More on this topic

Upcoming Event

25 
Feb
2016
10:00

Stock taking of the ongoing bank crisis resolution in Europe

What progress is being made on an optimal system of bank resolution following the disasters of the financial crisis?

Speakers: Ignazio Angeloni, Hans Jörg Schelling, Emiliano Tornese, Andreas Treichl, Nicolas Véron and Harald Waiglein Topic: Finance & Financial Regulation Location: Federal Ministry of Finance, Johannesgasse 5, 1010, Vienna
Read about event

Past Event

Past Event

The Bank of England in Europe: Does EU membership constrain non-Euro central banks?

The ECB and its response to crises in the euro area have been in the spotlight recently. But how does EU membership affect the central banks of non-Euro member states? This question is especially pertinent in the UK, whose relationship with the EU is at a vital crossroads.

Speakers: Jon Cunliffe, Matt Holmes, Sheri Markose and Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: January 22, 2016
Read article More on this topic More by this author

Opinion

Guntram B. Wolff

Getting eurozone deposit insurance right promises benefits

EU-wide security of savings must be considered in order to take banking union seriously. Banks' holdings of government bonds must be limited.

By: Guntram B. Wolff Topic: Finance & Financial Regulation Date: January 5, 2016
Read article More on this topic More by this author

Blog Post

Bennet Berger

Non-performing loans in Italy and selected European countries

Vulnerabilities in the Italian banking system are causing fears of a banking crisis to surface.

By: Bennet Berger Topic: Finance & Financial Regulation Date: December 18, 2015
Read article

Blog Post

Christopher Gandrud
Mark Hallerberg

Opaque Europe: financial supervisory transparency, why it’s important, and how to improve it

“Financial supervisory transparency” has been on the agenda of international financial institutions for some time. It concerns the public availability of data supervisors have on the financial industry. Using a new measure of data reporting to international financial institutions like the IMF and World Bank, we show that financial supervisory transparency is particularly lacking in Europe. We make recommendations for EU institutions to improve it.

By: Mark Copelovitch, Christopher Gandrud and Mark Hallerberg Topic: Finance & Financial Regulation Date: December 11, 2015
Read article Download PDF More on this topic

Policy Contribution

Financial regulatory transparency: new data and implications for EU policy

Financial regulatory transparency: new data and implications for EU policy

This paper introduces a new international financial regulatory data transparency index - the Financial Regulatory Transparency (FRT) Index - in order to address the exisiting gap in measuring regulatory transparency.

By: Mark Copelovitch, Christopher Gandrud and Mark Hallerberg Topic: Finance & Financial Regulation Date: December 10, 2015
Read article Download PDF More by this author

Parliamentary Testimony

Private: EU Endorsement of the IFRS 9 Standard on Financial Instruments AccountingEuropean Parliament

EU Endorsement of the IFRS 9 Standard on Financial Instruments Accounting

Statement prepared for the European Parliament’s ECON Committee Public Hearing of 1 December 2015

By: Nicolas Véron Topic: European Parliament, Finance & Financial Regulation, Parliamentary Testimonies Date: December 1, 2015
Read article Download PDF More on this topic

Working Paper

Macroprudential supervision: from theory to policy

Macroprudential supervision: from theory to policy

While there is now consensus that financial supervision has to focus on the aggregate (macroprudential), in addition to the individual (microprudential), there is no agreed macroprudential framework for measuring financial imbalances and applying policies to correct such imbalances. This paper focuses on these two open questions in the so-called time dimension of macroprudential policy.

By: Dirk Schoenmaker and Peter Wierts Topic: Finance & Financial Regulation Date: November 25, 2015
Read article More on this topic More by this author

Opinion

Guntram B. Wolff

Europäische Einlagensicherung: Deutschland würde profitieren

Wer ernsthaft die Bankenunion will, kommt um die EU-weite Sicherung der Sparguthaben nicht herum. Es braucht Obergrenzen, wie viele Staatsanleihen Banken halten sollen.

By: Guntram B. Wolff Topic: Finance & Financial Regulation Date: November 25, 2015
Load more posts