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But Mr Lamfalussy and his wise men themselves foresaw a transition to a single supervisory structure.
A supervisory structure is proposed for a class of nonlinear constraints.
"The S.E.C. ignores SAC's exceptional supervisory structure, its extensive compliance policies and procedures, and Steve Cohen's strong support for SAC's compliance program".
Originally, France and the European Commission called for all 6,000 euro area banks to be directly overseen by the new supervisory structure.
Our findings support the view that systemic banking crises are important drivers of reforms in supervisory structure.
October 18 , 2012The worst-case scenario for David Cameron would be a supervisory structure that wasn't robust enough to really improve the Eurozone, but which was intrusive enough to hit the City.
Similar(32)
If an abuser is at high risk of hurting another child, Dr. Hanson said, "he may be better off in the church, where there are strong supervisory structures, than in somebody else's backyard".
The financial crisis made it necessary to deal with failing financial firms that are not banks, to rationalise supervisory structures and to regulate derivatives, all of which the Dodd-Frank Act does.Unfortunately Dodd-Frank does much more than that.
The changes are an "opportunity for euro zone leaders to show the world that they are drawing lessons from the crisis and can streamline their supervisory structures," Karel Lannoo, chief executive of the Center for European Policy Studies, wrote in a commentary published on Friday.
This paper surveys research on the role of financial intermediaries and financial frictions in the transmission of monetary policy and discusses how to design both the new banking regulatory and supervisory structures and monetary policy in order to stabilize the economy.
"The more complex Basel II is, the more difficult it will be to implement it consistently across countries, especially in light of widely varying supervisory structures and approaches," Hawke told Congress.
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