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Title:How Do Banking Supervisors Deal with Europe-wide Systemic Risk? PDF Logo
Authors:Schüler, Martin
Issue Date:2003
Series/Report no.:ZEW Discussion Papers 03-03
Abstract:The systemic risk potential in the European banking market has increased. Hence, the following questions emerge: Is there a need for a truly European supervisory framework? And, how should a potential European supervisor be organised? This paper evaluates the existing supervisory framework as well as the recent proposal by the Economic and Financial Committee of the EU with respect to the increased Europe-wide systemic risk. We argue that cooperation between national supervisors even in the new framework will not be sufficient for safeguarding financial stability. As a consequence, we argue in favour of a European observatory of systemic risk.
Subjects:banking supervision and regulation
European Union
JEL:G28
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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