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Fiinancial Stability and Reform of the Financial System

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  • Sipko Juraj

    (Paneuropean University, Faculty Economics and Business, Tematinska 10 Bratislava, Slovakia)

Abstract

The paper describes the main features of financial stability and the preparation of the reform of the global financial system. The mortgage crisis in the USA brought about the global financial crisis. This crisis was the result of the failure of financial regulation, including supervision, and the failure of the management of the banking industry. Therefore, the international community, including Group 20, urged the appropriate institutions to introduce a comprehensive reform of the financial sector.

Suggested Citation

  • Sipko Juraj, 2012. "Fiinancial Stability and Reform of the Financial System," Creative and Knowledge Society, Sciendo, vol. 2(2), pages 58-69, December.
    • Handle: RePEc:vrs:crknos:v:2:y:2012:i:2:p:58-69:n:4
    DOI: 10.2478/v10212-011-0025-1
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