European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

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European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download. This book is a study of the European normative and institutional framework for prudential banking regulation and supervision. It is based on the research I undertook in 2000–5 at the European University Institute in Florence (Italy) in obtaining my doctoral degree. When I first approached the topic the European Union had just codified most of its disparate pieces of legislation into a single directive. I considered then that the creation of a consolidated banking code provided a good opportunity for assessing the stage of integration of the EU banking market and a good basis for analysing the interactions between regulation and supervision and between the European and the national levels, as well as the nature and legal effects of prudential standards.

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

Soon after I engaged on this path of analysis, developments in the field precipitated and the static approach had to be abandoned
in favour of an evolutionary perspective that attempted to keep abreast of the remarkable multi-faceted transformations affecting prudential issues. There is hardly any prudential aspect that has been left unchanged in the past decade. Two main factors drove the comprehensive changes in the EU’s regulatory and supervisory framework at the junction of the millennia.

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

These are the outstanding evolution of the financial industry worldwide, with its peaks and lows, and the renewed acceleration of the integration process in the European Union following the introduction of the single currency. They are reflected in the current fine-tuned prudential rules enshrined in the Capital Requirements Directive and the Basel II Accord and the streamlined decision-making process provided by the four-level Lamfalussy framework. This book anchors these developments into the broader EU law paradigm and attempts to identify their specificities.

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

It provides a systematic analysis of the interactions between the content of prudential rules and the procedural and institutional mechanisms underpinning their production and application. The dynamic aspects are emphasised and examined by challenging past paradigms and anticipating possible future developments. The 2007–9 financial crisis unveiled important failures in the current EU regulatory and supervisory framework. Financial stability was profoundly shaken and policy-makers, as well as other stakeholders are now determined to repair the whole prudential system.

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

They propose to fill in gaps in regulation and to reshuffle the distribution of competences for supervision with the aim of preventing any such dramatic and wide-ranging events from occurring in the future. These recent developments place our evolutionary analysis very much into real events. What seemed, only a few years ago, merely a theoretical discourse – especially as regards the EU supervisory architecture – now constitutes a tangible challenge, on top of the agendas of EU policy-makers. This book attempts to facilitate understanding of the complex multiple layers underpinning prudential supervision and to point to the legal effects attached to specific developments.

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

European Prudential Banking Regulation and Supervision by Larisa Dragomir pdf free download

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