Toward the European Federation? Reform Processes in the Financial Stability System of the European Union, Especially to the Early Concept of European Bankunion

Kálmán, János (2013) Toward the European Federation? Reform Processes in the Financial Stability System of the European Union, Especially to the Early Concept of European Bankunion. US-CHINA LAW REVIEW, 10 (1). pp. 46-67. ISSN 1548-6605

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Abstract

Since July 2007, the world has faced , and continues to face, the most serious and disruptive financial crisis which springs from 1929. The present crisis results from the complex interaction of market failures, global financial and monetary imbalances, inappropriate regulation, weak supervision and poor macro-prudential oversight. In this context the study analyses the reforms of the three-legged chair of European financial stability.

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