Hidden Bibliographic Details
| Other authors / contributors: | Decressin, Jörg, author.
International Monetary Fund. European Department.
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| ISBN: | 1283517019
9781283517010
9781451911909
1451911904
1462309410
9781462309412
1452759197
9781452759197
9786613829467
6613829463
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| Notes: | "July 2007."
Includes bibliographical references (pages 30-34).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented supervisory frameworks and national accountability for financial stability hinder optimization across borders of banks' operations and efficient and effective LCFI supervision. A full-fledged EU-level prudential regime that operates along-side national regimes--a European Banking Charter (EBC)--could harness market forces to establish a level playing field for financial sector competition, while plugging some significant gaps in Europe's financial stability framework without concentrating excessive powers.
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| Other form: | Print version: Čihák, Martin. Case for a European banking charter. [Washington, D.C.] : International Monetary Fund, European Dept., ©2007
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| Standard no.: | 10.5089/9781451911909.001
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