Date: 2011
Type: Contribution to book
The regulation of the European financial market after the crisis
Pompeo DELLA POSTA and Leila Simona TALANI (eds), Europe and the financial crisis, London : Palgrave McMillian, 2011, pp. 9-27
TEIXEIRA, Pedro Gustavo, The regulation of the European financial market after the crisis, in Pompeo DELLA POSTA and Leila Simona TALANI (eds), Europe and the financial crisis, London : Palgrave McMillian, 2011, pp. 9-27
- https://hdl.handle.net/1814/65306
Retrieved from Cadmus, EUI Research Repository
The financial crisis challenged the legal and regulatory approach to the integration of the single market for financial services.2 In this approach, the economic benefits of integration are shared while the related economic and financial risks are not mutualized among Member States. This implies that Member States are compelled to protect their own domestic interests in the case of a crisis. As a result, the financial crisis led to an institutional crossroads: the development of the single financial market should be either constrained to allow Member States to protect their respective financial systems or safeguarded by setting up European structures for regulation and supervision of the single market as a whole.
Cadmus permanent link: https://hdl.handle.net/1814/65306
Full-text via DOI: 10.1057/9780230305007_2
Publisher: Palgrave Macmillan
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