Prudential Supervision in the Context of EMU

01-03-1999

Full economic and monetary union will test Europe's systems for supervising financial institutions. In some countries the Central Banks are responsible for both monetary policy and supervision: in others, the tasks are separated: while EU-level supervision is based on 'home country control'. This study examines the likely future development of financial markets, and whether the existing regulatory framework will be adequate.

Full economic and monetary union will test Europe's systems for supervising financial institutions. In some countries the Central Banks are responsible for both monetary policy and supervision: in others, the tasks are separated: while EU-level supervision is based on 'home country control'. This study examines the likely future development of financial markets, and whether the existing regulatory framework will be adequate.