The Global Financial Crisis Impact Over The Reformation Of The Financial Surveillance Architecture In Eu: Prospects And Implications
AbstractThe current crisis has revealed the existence of certain fundamental weaknesses in the functioning of financial markets and weaknesses in risk management, which require a deep reform of the financial regulatory and supervisory framework. The magnitude of the current crisis has brought new attention to issues of transparency and liquidity of financial systems. The current crisis is further proof that free markets are not up to the deregulated markets and that excessive confidence in the self-healing powers / regulation of markets is very dangerous. We must keep in mind that financial innovation benefits when supporting dynamism and growth, but at the same time can lead to additional risks. In the context of maintaining international financial crisis and the consequences of measures taken to counteract its effects, the reconfiguration problem of the supervisory architecture and how it should ensure the smooth functioning of global and regional financial markets came to the attention of public authorities responsible to issue regulations, best practices and rules in areas which exert a significant influence in achieving this objective. This paper focuses on the structural causes of the current global crisis expressed by several authors and their views on the need to implement new supervisory architecture internationally and regionally, to ensure global financial stability.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration in its journal The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration.
Volume (Year): 10 (2010)
Issue (Month): Special (December)
financial crisis; financial system; the new architecture of financial supervision; systemic risk;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Liviu Scutariu).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.