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For a complete re-thinking of European surveillance structure: the ABI proposal

Author

Listed:
  • Giuseppe Zadra

    (ABI General Director)

Abstract

The financial crisis shows the limits of a fragmented surveillance scheme and points out the need of new architectures characterized by simplicity, applicability of rules, lower costs of compliance, lower conflicts of interests, absence of regulatory arbitrage and universality. For this purpose, ABI suggests a new regulatory framework with new European supervisory authority for the banking and insurance sector that must work with the ECB. The ECB is responsible for the macro-prudential supervision and the new regulatory authority had to establish homogeneous supervisory rules and practices for all financial intermediaries in Europe.

Suggested Citation

  • Giuseppe Zadra, 2009. "For a complete re-thinking of European surveillance structure: the ABI proposal," BANCARIA, Bancaria Editrice, vol. 2, pages 2-10, February.
    • Handle: RePEc:ban:bancar:v:2:y:2009:m:february:p:2-10
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1970/bancaria-n-2-2009
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    More about this item

    Keywords

    crisis; innovation; ethics; transparency; capital adequacy;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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