New rules and financial markets

Fabrizio Saccomanni
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Fabrizio Saccomanni: Direttore Generale, Banca d'Italia

BANCARIA, 2009, vol. 01, 31-37

Abstract: The crisis had stressed the financial system and the supervisory model. It offers also the opportunity to strength the financial stability controls and to construct a more stable system that benefit from the market integration without increasing the overall risk. Among available solution for the European surveillance scheme proposed by De Larosière group, one possible solution is to assign the supervisory role to the ECB that must be approved by all member of European council. If the first solution is not reachable, a strengthen cooperation model could be studied with a clear part off of duties among EBC and national central banks

Keywords: financial crisis; supervisory authorities; European Central Banks (search for similar items in EconPapers)
JEL-codes: G01 G21 G28 (search for similar items in EconPapers)
Date: 2009
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