IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

New Architecture Of Global Financial Supervision-Macroprudential Oversight

Listed author(s):
  • Dragan Miodrag Momirovic


    (Serbia and Montenegro)

Registered author(s):

    Lessons learned from the recent financial crisis has alarmed the relevant international financial organizations to take prompt and appropriate action towards finding a new framework of regulation and supervision of the financial system so that in future the time detect and mitigate financial trouble. Actions are oriented on the reform of the existing supervisory framework in the period of expansion of financial contagion has shown serious weaknesses. G20 leaders issued a declaration relating to the structure of a comprehensive plan for reform of financial supervision, which is focused on improving the environment macro prudential surveillance at the international level, strengthening the financial stability of the Board (FSB) with the mission to effectively coordinate and synchronize actions to relieve and defense of the financial system from financial difficulties, developing a common diagnostic standards, designing control systemic risk and responsibility. On the basis of the declaration G20 countries with strong financial markets have taken appropriate action reform and redesign of its supervisory authority. The U.S. authorized the Fed to be responsible for financial stability, with a mandate to monitor risks and controls company that may be a source of threat to the financial system, focusing on major domestic and international firms and systematically important non-banking financial institutions. EU on the basis of reports Larosière Commission has established a strong centralized institutional supervisory framework, the establishment of the European Commission for the systematic risk that is responsible for macro prudential surveillance and the European system of financial supervisors, responsible for monitoring Macro prudential composed of a network of national financial supervisors from three financial institutions supervision, the principles of mutual respect, information and strengthening accountability.

    If 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.

    File URL:
    Download Restriction: no

    Article provided by Danubius University of Galati in its journal Euroeconomica.

    Volume (Year): (2012)
    Issue (Month): 2(31) (May)
    Pages: 88-107

    in new window

    Handle: RePEc:dug:journl:y:2012:i:2:p:88-107
    Contact details of provider: Web page:

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    in new window

    1. Kawai, Masahiro & Pomerleano, Michael, 2010. "Regulating Systemic Risk," ADBI Working Papers 189, Asian Development Bank Institute.
    2. Besar, D. & Booth, P. & Chan, K. K. & Milne, A. K. L. & Pickles, J., 2011. "Systemic Risk in Financial Services," British Actuarial Journal, Cambridge University Press, vol. 16(02), pages 195-300, July.
    3. Piet Clement, 2010. "The term “macroprudential”: origins and evolution," BIS Quarterly Review, Bank for International Settlements, March.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2012:i:2:p:88-107. See general 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: (Florian Nuta)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.