The crisis had stressed the financial system and the supervisory model. It offers also the opportunity to strength the financial stability controls and to construct a more stable system that benefit from the market integration without increasing the overall risk. Among available solution for the European surveillance scheme proposed by De Larosière group, one possible solution is to assign the supervisory role to the ECB that must be approved by all member of European council. If the first solution is not reachable, a strengthen cooperation model could be studied with a clear part off of duties among EBC and national central banks
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Article provided by Bancaria Editrice in its journal BANCARIA.