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Pour une politique d'actions correctives précoces dans l'Union européenne : les carences institutionnelles et légales

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  • Laurence Scialom

Abstract

[eng] For a prompt corrective action policy in the European Union : institutional and legal inadequacies . The economic community seems largely in favour of the introduction of prompt corrective action policy in the EU. Nevertheless, the reflection on the institutional and legal framework conducive to such a policy is critically underdeveloped. We underline that in spite of the attractiveness of such a proposal, neither national prudential devices of the member states, nor existing directives are adapted to the legal and institutional requirements of a prompt corrective action policy. . Classification JEL : G2, K2, N24 [fre] La volonté de promouvoir une politique d’actions correctives précoces dans l’Union européenne fait l’objet d’un assez large consensus parmi les économistes spécialisés sur les questions prudentielles. Cependant, rares sont les travaux portant sur les structures institutionnelles et légales requises pour sa mise en oeuvre effective. Nous montrons dans ce papier qu’au-delà des déclarations d’intention favorables à l’adoption d’une politique d’actions correctives précoces dans l’Union européenne, ni les dispositifs prudentiels nationaux des pays membres, ni les directives existantes ne sont adaptées aux exigences institutionnelles et légales requises pour une politique de coercition graduée. . Classification JEL : G2, K2, N24

Suggested Citation

  • Laurence Scialom, 2007. "Pour une politique d'actions correctives précoces dans l'Union européenne : les carences institutionnelles et légales," Revue d'Économie Financière, Programme National Persée, vol. 89(3), pages 111-121.
  • Handle: RePEc:prs:recofi:ecofi_0987-3368_2007_num_89_3_4292
    Note: DOI:10.3406/ecofi.2007.4292
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    References listed on IDEAS

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    1. Iman van Lelyveld & Arnold Schilder, 2002. "Risk in Financial Conglomerates: Management and Supervision," Research Series Supervision (discontinued) 49, Netherlands Central Bank, Directorate Supervision.
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    3. Larry Wall & Maria Nieto, 2006. "Precondition for a Successful Implementation of Supervisors' Primpt Corrective Action: Is There a Case for a Banking Standard in the EU?," FMG Special Papers sp165, Financial Markets Group.
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    5. Laurence Scialom & Michel Aglietta, 2003. "The Challenge of European Integration for Prudential Policy," FMG Special Papers sp152, Financial Markets Group.
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    Cited by:

    1. Sonia Ondo-Ndong & Laurence Scialom, 2008. "Northern Rock: The anatomy of a crisis – the prudential lessons," EconomiX Working Papers 2008-23, University of Paris Nanterre, EconomiX.

    More about this item

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • K2 - Law and Economics - - Regulation and Business Law
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • G2 - Financial Economics - - Financial Institutions and Services
    • K2 - Law and Economics - - Regulation and Business Law
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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