The Regulation of international financial services
Author: Dermine, Jean INSEAD Area: Finance Series: Working Paper ; 92/65/FIN Publisher: Fontainebleau : INSEAD, 1992.Language: EnglishDescription: 38 p.Type of document: INSEAD Working PaperAbstract: The integration of the financial services industry in Europe has forced/The integration of the financial services industry in Europe has forced consideration of the legal and regulatory issues involved in the creation of a single economic market. As financial services are heavily regulated, the creation of a common market focuses attention on the need for centralized regulation, harmonization of national regulations, and allocation of responsibility among national regulators and supervisors. In the first part, I present the European Banking Industry and analyses the early effects of European integration. In the second part, I analyse the regulatory framework proposed by European Commission for the integration of financial markets. I argue that more work remains to be done to achieve open and stable markets. In particular, the prudential regulation of firms with significant risks located in foreign offices should be organized jointly by the home and host..| Item type | Current location | Collection | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
|
Europe Campus Archives | Available | BC000996 |
The integration of the financial services industry in Europe has forced/The integration of the financial services industry in Europe has forced consideration of the legal and regulatory issues involved in the creation of a single economic market. As financial services are heavily regulated, the creation of a common market focuses attention on the need for centralized regulation, harmonization of national regulations, and allocation of responsibility among national regulators and supervisors. In the first part, I present the European Banking Industry and analyses the early effects of European integration. In the second part, I analyse the regulatory framework proposed by European Commission for the integration of financial markets. I argue that more work remains to be done to achieve open and stable markets. In particular, the prudential regulation of firms with significant risks located in foreign offices should be organized jointly by the home and host..
There are no comments for this item.