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A Note on the Differences between European and International Methodologies of Banking Regulation and Supervision

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  • Goodhart, Charles
  • Sato, Hideki

Abstract

Although monetary policy is the main tool for central banking in order to control inflation/deflation, micro- and macroprudential instruments are also essential for crisis management. In this paper, we aim to clarify the differences between European and international banking methodologies. The European approach as represented by the European Banking Union, is based on a harder legalistic approach, whereas the international approach implemented by the Basel Committee on Banking Supervision has a soft-law methodology. We propose two comparative standpoints: “uniformity†versus “diversity†, and a “legislative†versus "principle-based†approach

Suggested Citation

  • Goodhart, Charles & Sato, Hideki, 2024. "A Note on the Differences between European and International Methodologies of Banking Regulation and Supervision," CEPR Discussion Papers 18840, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ceprdp:18840
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    File URL: https://cepr.org/publications/DP18840
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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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