Financial supervision in the EU: is there convergence in the national architectures?

Donato Masciandaro (), Maria Nieto and Marc Quintyn

Journal of Financial Regulation and Compliance, 2009, vol. 17, issue 2, 86-95

Abstract: Purpose - The purpose of this paper is to review current trends in reforms of the supervisory architecture in European Union (EU) countries. Design/methodology/approach - Against the background of the debate on the advisability of further centralizing prudential supervision in the EU this paper develops a study of applied institutional economics, analyzing the financial supervisory architecture of each of the 27 EU countries and assesses their degree of institutional convergence. The paper investigate whether the recent wave of reforms are leading to a convergence of the national architectures. Findings - While the degree of supervisory convergence is low, there is no single superior model of bank supervision. Originality/value - The paper contributes to the debate on convergence of supervisory architectures in EU member countries.

Keywords: Financial control; Central banks; Economic convergence; European Union (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:v:17:y:2009:i:2:p:86-95

DOI: 10.1108/13581980910952540

Access Statistics for this article

Journal of Financial Regulation and Compliance is currently edited by Prof John Ashton

More articles in Journal of Financial Regulation and Compliance from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().