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Handbook of Safeguarding Global Financial Stability by Gerard Caprio

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Chapter 35

Financial Supervision in the EU

D. Schoenmaker

Duisenberg School of Finance, Amsterdam, The Netherlands

Introduction

Financial supervision is still predominantly nationally based in the European Union (EU). Each country has its own financial supervisory authorities. The ongoing process of financial integration, witnessed by cross-border banks, insurers, and markets in the EU, has initiated an evolutionary approach to financial supervision at the EU level. Financial regulation ...

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