The Objectives of Financial Supervision
Yannis V. Avgerinos
Chapter 1 in Regulating and Supervising Investment Services in the European Union, 2003, pp 15-25 from Palgrave Macmillan
Abstract:
Abstract The purpose of this chapter is to consider the objectives of financial supervision.1 Before addressing the issue of investment services regulation and supervision and examining its effectiveness and efficiency within the European context, a brief summary of the rationale for financial supervision is provided. Why does supervision have welfare benefits? Why supervise investment services at all? What is special about financial firms and markets and what is the relationship between supervisory objectives and institutional structures of supervision? The highlights of the purpose of an incentive-based legal and supervisory framework will assist the main aim of this book to identify the most suitable and less risk-taking supervisory structure within the EU area.
Keywords: Financial Service; Credit Risk; Consumer Protection; Financial Stability; Market Risk (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28687-0_2
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DOI: 10.1057/9780230286870_2
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