Public and Private in Financial Regulation

Bratu Renate, and Oprean Camelia ()
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Bratu Renate,: Faculty of Economics, Lucian Blaga University from Sibiu
Oprean Camelia: Faculty of Economics, Lucian Blaga University from Sibiu
Authors registered in the RePEc Author Service: Camelia Oprean-Stan

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1277-1282

Abstract: Financial system regulation and supervision are exercised in most cases, by national or regional central banks and / or other public entities. These entities may regulate and supervise the various components of financial system (banking, capital markets, insurance and reinsurance market, investment funds market, etc.). This exercise in fact intern regulation or national (regional) regulation. In this article we want to emphasize the importance of a collaborative public - private financial regulation. This was outlined possible meanings of the concepts of public financial regulation public and private financial regulation and the relationship between these two types of financial regulation. Then from the meaning of the concept of public - private partnership we have outlined the application of this concept in financial regulation. The first attempts in this regard have resulted in the banking sector in emerging Europe through Vienna Initiative. However we consider it appropriate to extend this partnership to other sectors of the financial system as well as at geographical level. We consider, also, essential that Public and Private Partnership can rely on cooperation and coordination.

Keywords: Financial regulation; Vienna Initiative; Public – Private Partnerships; Banking Sector (search for similar items in EconPapers)
JEL-codes: B41 G18 G21 (search for similar items in EconPapers)
Date: 2012
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