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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 Finance & Financial Regulation Tags & Topics

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.

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Policy Contribution

pc-23-12European Parliament

The impact of the legal and operational structures of euro-area banks on their resolvability

Following the financial crisis, the question of how to handle a big bank’s collapse has come to the fore. This Policy Contribution evaluates the obstacles to resolvability that the legal and operational structures of the large euro-area banks could pose to the European Union’s new resolution regime.

By: Dirk Schoenmaker Topic: European Parliament, Finance & Financial Regulation, Parliamentary Testimonies Date: December 6, 2016
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Blog Post

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Can public support help Europe build distressed asset markets?

Distressed asset investors can relieve banks of their NPL overhang and offer valuable restructuring expertise, although banks will need to realise a further valuation loss. Regulators could do a lot to support the growth of this market.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: November 29, 2016
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Past Event

Past Event

Integrating stress tests within the Basel III framework

How can we integrate supervisory stress tests with the Basel III framework in a macroprudentially coherent and transparent manner?

Speakers: Benjamin Friedrich, Anatoli Segura Velez and Dirk Schoenmaker Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 24, 2016
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Opinion

Alicia García-Herrero

South Korea and Indonesia: a capital match

Mutually beneficial Jakarta-Seoul relationship could develop further with an upgrade in Jakarta’s sovereign debt.

By: Alicia García-Herrero Topic: Finance & Financial Regulation, Global Economics & Governance Date: November 23, 2016
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Upcoming Event

Jan
16
09:00

The outlook for European financial centres

This event organised joinly by Bruegel, the Malta Financial Services Authority, and the Maltese Ministry for Finance will discuss the outlook for European Financial Centres.

Speakers: J V Bannister, Juanita Bencini, J Portelli, Georg Ringe, Edward Scicluna, Nicolas Véron and William Wright Topic: Finance & Financial Regulation Location: Notabile Road, Attard BKR 3000, Malta
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Past Event

Past Event

Competition policy and regulation in the banking sector

SUMMARY The event started with a presentation by Xavier Vives, Professor of Economics and Financial Management at IESE Business School, who introduced his new book “Competition and Stability in Banking”. By looking backward through the different banking crisis, it seems that regulation has not being able to cope with shadow banking – there were failures […]

Speakers: Mathias Dewatripont, Gert-Jan Koopman, Michala Marcussen, Dirk Schoenmaker and Xavier Vives Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 21, 2016
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Working Paper

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Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

This Working Paper reviews recent developments in the EU’s financial supervisory and regulatory architecture with a view to draw out lessons for regional financial regulatory architecture in Asia.

By: Zsolt Darvas, Dirk Schoenmaker and Nicolas Véron Topic: Finance & Financial Regulation, Global Economics & Governance Date: November 17, 2016
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Blog Post

Schoenmaker pic

Stealing London’s financial crown would bring both benefits and responsibilities

After Brexit, several major cities across the EU27 are looking to take over London's financial activity. While there are plenty of benefits in hosting a major financial centre, it also comes with significant risks and responsibilities.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: November 17, 2016
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External Publication

claeys-ref-2016

What role for the financial markets in Europe?

The European European financial system is too strongly bank-based. How can it be rebalanced to become favourable to growth and employment again? (This paper is only available in French).

By: Grégory Claeys Topic: Finance & Financial Regulation Date: November 16, 2016
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Past Event

Past Event

What next for Europe's banking system?

At this event Valdis Dombrovskis presented a package on capital requirements and set out his vision for the EU banking system

Speakers: Valdis Dombrovskis, Reza Moghadam and Guntram B. Wolff Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 15, 2016
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Podcast

Podcast

Debt resolution: moving on after the crisis

An excess of indebtedness is constraining economic growth in many economies. Indeed, the deleveraging since the financial crisis is exceptionally slow. Why is this the case, and what can be done about it?

By: Bruegel Topic: Finance & Financial Regulation Date: November 8, 2016
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Past Event

Past Event

Financial Stability Conference 2016

How can we fix the deficiencies in the EU financial system? Bank-state-nexus, business models and the missing level playing field

Topic: Finance & Financial Regulation Location: ESMT, Schlossplatz 1, 10178 Berlin Date: November 3, 2016
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