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A New Approach To Financial Regulation At The European Level

Author

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  • Ioana Laura VALEANU

    (Ph.D Candidate, Alexandru Ioan Cuza University of Iasi)

Abstract

With the recent financial and economic crisis onset, a fragility of the financial system became apparent, under the form of a series of vulnerabilities and failures with a strong destabilizing impact on the economy. In this context, a new approach to financial stability has outlined itself, pleading for a more extensive financial regulation and macro-prudential supervision, complementary to the micro-prudential one. The objectives of this article are to highlight the context and need for a new financial regulatory framework and underline the main problems of the banking system the new European regulations addresses.

Suggested Citation

  • Ioana Laura VALEANU, 2015. "A New Approach To Financial Regulation At The European Level," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(4), pages 901-913, December.
    • Handle: RePEc:jes:wpaper:y:2015:v:7:i:4:p:901-913
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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2015_VII4_VAL.pdf
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    References listed on IDEAS

    as
    1. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
    2. Carmassi, Jacopo & Micossi, Stefano, 2012. "Time to Set Banking Regulation Right," CEPS Papers 6734, Centre for European Policy Studies.
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    More about this item

    Keywords

    financial regulation; financial stability; banking system;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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