A European Mandate for Financial Sector Supervisors in the EU

International Monetary Fund

No 2009/005, IMF Working Papers from International Monetary Fund

Abstract: The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.

Keywords: WP; government; country; EU member country; EU directive; EU regulation; government authority; Cross-border cooperation; EU; financial sector supervision; supervisory authorities; national authorities; EU institution; state capital; country B bank; Financial sector; Financial sector stability; Deposit insurance; Financial sector policy; Europe; Australia and New Zealand (search for similar items in EconPapers)
Pages: 32
Date: 2009-01-01
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Citations: View citations in EconPapers (5)

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