Supervision of the Integrated European Banking Market. Time to Rethink the Institutional Framework?
|Author:||Mgr. Trpčevski Ivan|
|Year:||2011 - summer|
|Leaders:|| doc. Ing. Pavel Mertlík CSc.
|Work type:|| Doctoral
Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||The aim of the thesis is to analyse the Europe-wide banking supervision. The thesis
points out the problems and shortcomings of the pre-crisis framework, analyses mutually
competitive proposals for change that emerged during the crisis and possibility of their
implementation. It incorporates the appraisal of adopted legislative changes prepared by
the European Commission and their impact in this context. Therefore, core of the thesis is
a pre-crisis fragmented supervision and the European System of Financial Supervisors
adopted in November 2010. The thesis points out the need to address fiscal issues along
with the supervisory setting.
Despite a very narrow focus of the thesis, it is characterized by a holistic approach.
The topic of banking supervision at the level of the European Union is considered in a
much broader institutional context, in the context of the integration of the banking sector
during the past 30 years, and the latest financial crisis, as well. The thesis is evolutionary.
It points out that there is no institutional form of efficient banking supervision. The process
of institutional change, leading to the achievement of efficient supervision of the banking
sector, is perceived rather as a long-run, in-depth process. It follows institutional changes
in a much broader context than that of the banking supervision itself.
|Downloadable:|| Rigorous thesis Trpčevski