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Abstract:
Analyzing ongoing changes in the design of regulatory and supervisory authorities over the banking and financial industry in Europe, this comprehensive Handbook pays particular attention to the role of national central banks, the new financial supervisory authorities and the European Central Bank (ECB). The contributors, all experts in their fields, begin by presenting the current situation in Europe, focusing on the role of the central banks, before going on to illustrate the supervisory architecture reforms of the late 1990s. The Handbook also highlights the emerging role of new integrated financial authorities through an analysis of different national case studies. This new original reference book concludes with a review of the various options now available for the design of supervisory architecture at the European level, considering also the possible involvement of the ECB.
The Handbook tackles a number of controversial issues including:
- why financial supervision architecture is important and why the issue has arisen at the present time
- the roles of national central banks and national policymakers in alternative financial supervisory structures
- the advantages and potential hazards of single financial authorities unified or integrated agencies.
This essential Handbook is a major multidisciplinary work and will be of great value to scholars and academics – principally in economics, finance and European studies but also politics and law – as well as regulators and supervisory institutions.
Contents:
Part I: Central Banks and Financial Supervision
1. Central Banks as Monetary Authorities and Financial Stability - Alicia García Herrero and Pedro del Río
2. The Role of Central Banks in Fostering Financial Stability - Sander Oosterloo and Jakob de Haan
3. Central Banks and Single Financial Authorities: Economics, Politics and Law - Donato Masciandaro
Part II: The Emerging Role of Single Financial Authorities
4. Integrated Agencies and the Role of Central Banks - David T. Llewellyn
5. United Kingdom - Andrew Sykes and Terry Allen
6. Austria - Andreas Grünbichler
7. Denmark - Henrik Bjerre-Nielsen
8. Sweden - Ingrid Bonde
9. Norway - Bjørn Skogstad Aamo
10. Estonia - Lelo Liive
11. Hungary - László Balogh
12. Germany - Martin Schüler
13. The Netherlands - Henriëtte Prast and Iman Van Lelyveld
14. Ireland - Jonathan Westrup
Part III: What Role for Central Banks and Single Financial Authorities?
15. The International Network of Financial Authorities - Nina Moss
16. Central Banks and Financial Authorities in Europe: What Prospects? - Dirk Schoenmaker
17. The European Central Bank and Financial Supervision - Sylvester C.W. Eijffinger
18. The Transformation of Financial Regulation and Supervision in the EU - Karel Lannoo
19. The Role of the Central Bank in Financial Supervision: The Case of Italy - Alessio De Vincenzo and Paolo Marullo Reedtz
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