Open AccessThe main aspects of financial regulators organization. EU experience
Author(s) -
Rustam A. Kasyanov
Publication year - 2012
Publication title -
vestnik mgimo-universiteta
Language(s) - English
Resource type - Journals
eISSN - 2541-9099
pISSN - 2071-8160
DOI - 10.24833/2071-8160-2012-6-27-147-153
Subject(s) - financial regulation , legislature , financial services , financial crisis , business , financial sector , finance , financial integration , geography of finance , financial system , service (business) , accounting , economics , financial market , political science , marketing , law , macroeconomics
This article is dedicated to analysis of modern trends of the EU financial service integration processes development. The most important stages of financial integration legal framework development in the EU are considered chronologically. The article contains deep research of financial integration institutional basis transformation, greatly strengthened in the result of global financial crisis of 2008, which entailed the improvement of financial regulators.. The author raises some of the problems of financial and economic regulation and accentuates, that the EU is consistently improving its mechanism of financial services regulation each time becoming more efficient. Next stage of the reform will start in 2013, when important legislative initiatives in the EU financial sector shall be implemented.