The book analyses the institutions of the European financial market
supervision and the challenges of financial markets. The current
European supervisory structure for financial markets represents a
major development in European supervisory history. Its operation
however has to be explored and analysed critically. Has it gone far
enough to provide a sufficiently comprehensive and resilient system
to reduce or mitigate systemic risks and handle financial crises?
Some claim it has gone too far already. Fresh and rigorous critical
legal and economic analysis from an independent scholarly
perspective are needed to assess whether the institutional design
of the European supervisory architecture has proved itself to be an
efficient and effective model. This book discusses many dimensions
of the structure and workings of the European system from various
angles providing different dimensions. The book makes an important
contribution to the limited literature on financial market
supervision.
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