The article explores the idea of establishing a single European-wide regulator for the banking sector in response to recent regulatory failures. Advocates argue for improved supervision and compliance through a unified approach, but the article suggests that such a regulator may not be necessary. It suggests that cooperation between existing regulators and enhancing their ability to work together could be a more effective solution.
The article also discusses potential threats to the success of a pan-European banking supervisor and proposes alternative measures, such as strengthening supervisory colleges and formalising regulatory processes.
Read the article: Time for an EU banking regulator?
(Article first published in The Gibraltar Magazine, 2009.)
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