Aspects of the European system of financial supervision
The study presents the main stages of the development of the European financial supervisory regulation and the current European System of Financial Supervision. The financial economic crisis highlighted the weaknesses in the supervisory system and the fact that the supervisor has an important role i...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Novi Sad, Faculty of Law
2016-01-01
|
| Series: | Zbornik Radova: Pravni Fakultet u Novom Sadu |
| Subjects: | |
| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2016/0550-21791603977N.pdf |
| _version_ | 1819268502530293760 |
|---|---|
| author | Nagy Zoltán B. Csiszár Anett S. |
| author_facet | Nagy Zoltán B. Csiszár Anett S. |
| author_sort | Nagy Zoltán B. |
| collection | DOAJ |
| description | The study presents the main stages of the development of the European financial supervisory regulation and the current European System of Financial Supervision. The financial economic crisis highlighted the weaknesses in the supervisory system and the fact that the supervisor has an important role in consumer protection and in the mitigation of risk-taking by financial institutions. The European Union has developed a new financial strategy known as Banking Union, which has a three-pillar framework. These three pillars are the Single Supervisory Mechanism, the Single Resolution Mechanism and the Common Deposit Guarantee Scheme. This system is intended to achieve a single economic and monetary union at supranational level and to avoid the emergence of a new crisis as far as possible. |
| first_indexed | 2024-12-23T21:34:05Z |
| format | Article |
| id | doaj.art-c3147de4b0da4009b9e452434ea741ac |
| institution | Directory Open Access Journal |
| issn | 0550-2179 2406-1255 |
| language | English |
| last_indexed | 2024-12-23T21:34:05Z |
| publishDate | 2016-01-01 |
| publisher | University of Novi Sad, Faculty of Law |
| record_format | Article |
| series | Zbornik Radova: Pravni Fakultet u Novom Sadu |
| spelling | doaj.art-c3147de4b0da4009b9e452434ea741ac2022-12-21T17:30:23ZengUniversity of Novi Sad, Faculty of LawZbornik Radova: Pravni Fakultet u Novom Sadu0550-21792406-12552016-01-0150397799910.5937/zrpfns50-119860550-21791603977NAspects of the European system of financial supervisionNagy Zoltán B.0Csiszár Anett S.1University of Miskolc, Faculty of Law, HungarynemaThe study presents the main stages of the development of the European financial supervisory regulation and the current European System of Financial Supervision. The financial economic crisis highlighted the weaknesses in the supervisory system and the fact that the supervisor has an important role in consumer protection and in the mitigation of risk-taking by financial institutions. The European Union has developed a new financial strategy known as Banking Union, which has a three-pillar framework. These three pillars are the Single Supervisory Mechanism, the Single Resolution Mechanism and the Common Deposit Guarantee Scheme. This system is intended to achieve a single economic and monetary union at supranational level and to avoid the emergence of a new crisis as far as possible.http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2016/0550-21791603977N.pdfBanking Unionfinancial supervisionSSMSRMDGSEuropean Central BankEuropean System of Financial Supervisionbanking regulation |
| spellingShingle | Nagy Zoltán B. Csiszár Anett S. Aspects of the European system of financial supervision Zbornik Radova: Pravni Fakultet u Novom Sadu Banking Union financial supervision SSM SRM DGS European Central Bank European System of Financial Supervision banking regulation |
| title | Aspects of the European system of financial supervision |
| title_full | Aspects of the European system of financial supervision |
| title_fullStr | Aspects of the European system of financial supervision |
| title_full_unstemmed | Aspects of the European system of financial supervision |
| title_short | Aspects of the European system of financial supervision |
| title_sort | aspects of the european system of financial supervision |
| topic | Banking Union financial supervision SSM SRM DGS European Central Bank European System of Financial Supervision banking regulation |
| url | http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2016/0550-21791603977N.pdf |
| work_keys_str_mv | AT nagyzoltanb aspectsoftheeuropeansystemoffinancialsupervision AT csiszaranetts aspectsoftheeuropeansystemoffinancialsupervision |