Monetary policy, the provision of financial stability and banking supervision

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Sibert, Anne;
(2012)
  • Publisher: European Parliament
  • Subject: ems
    acm: ComputerApplications_COMPUTERSINOTHERSYSTEMS

This note discusses why it might be desirable for a central bank to have a microprudential supervisory role and why a single micro-prudential supervisor might be better than a collection of national supervisors. It argues that central banks should not be macro-prudentia... View more
  • References (7)

    Berglöf, Erik, Ralph De Haas, and Jeromin Zettelmeyer (2012), “Banking union: The view from emerging Europe,” Vox, http://www.voxeu.org/article/banking-union-viewemerging-europe, 16 October 2012.

    Bernanke, Ben S. (2007), “Central banking and banking supervision in the United States,” Speech at the Allied Social Science Association Annual Meeting, Chicago, Illinois, 5 January 2007.

    European Commission (2012), Proposal for a Council Regulation conferring specific tasks on the ECB concerning policies in relation to the prudential supervision of credit institutions, Brussels, COM(2012) 511 final, 12 September 2012 http://ec.europa.eu/internal_market/finances/docs/committees/reform/20120912- com-2012-511_en.pdf.

    Garricano, Luis (2012), “Five lessons from the Spanish cajas debacle for a new eurowide supervisor,” Vox, http://www.voxeu.org/article/five-lessons-spanish-cajasdebacle-new-euro-wide-supervisor, 16 October 2012.

    Goodhart, Charles (2003), “A Central bank economist,” in Paul Mizen, ed., Central Banking, Monetary Theory and Practice, volume 1, Cheltenham, UK, Edward Elgar.

     Ioannidou, Vasso P. (2012), “A first step towards a banking union,” Vox, http://www.voxeu.org/article/first-step-towards-banking-union, 16 October 2012.

    Ware, Derrick (1996), Basic Principles of Banking Supervision, Centre for Central Banking Studies, Bank of England.

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