 Network-centric organization of supervisory and regulatory processes in the banking system of the European UnionLyubomir Mirchev () Economic Alternatives, 2013, issue 2, 100-109 Abstract: The need for the transformation of the financial institutions during the current crisis requires that new approaches for ensuring stability and efficiency of the financial system are sought and implemented. The purpose of this article is to describe the need for enhanced transformation of supervision and regulation of the EU banking system, as well as show the possibility of achieving a decisive efficiency and stability through the introduction of concepts related to the network approach and the treatment the system as a critical infrastructure. Drawing on means related to the construction of high operational safety systems, the paper outlines ways to transform the financial (banking) system, from a structure with subsequent (delayed) regulation and management into an operational self-regulating system (system of systems) operating in near real-time. This transformation would presumably allow for a sharp increase in the system’s stability and operability. The prerequisites for achieving networkcentric supervision and regulation in transforming the EU banking system are discussed Keywords: financial system; network; transformation; critical infrastructure; supervision (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2013:i:2:p:100-109 Access Statistics for this article More articles in Economic Alternatives from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC. |
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