Supervisory harmonization, European (European supervision harmonisation)
Uniform regulations (single rule book) with regard to supervisory authorities in all EU countries. First and foremost, it should be established that the supervisory authority can act free of interference from politics and business. In addition, the financial and human resources of the supervisory authority and the legal framework within which it acts should be commensurate with its important task. This has largely been achieved with the establishment of the European Banking Authority as of 2014 with respect to the supervision of banks. – See supervision, banking supervision, European, CRD IV package, subsidiarity principle, system conflict, financial market. – See BaFin’s 2006 Annual Report, p. 53 (related CEIOPS requirements); Deutsche Bundesbank’s December 2009 Monthly Report, p. 53 et seq. (status of European and international supervisory cooperation); BaFin’s 2011 Annual Report, p. 74 et seq. (new European supervisory framework from the beginning of 2011; detailed presentation of individual authorities); Deutsche Bundesbank’s June 2013 Monthly Report, p. 58 et seq. (status of harmonization; timetable).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/