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Abstract

Following the presentation and examination of the supervisory regime of home country control, this chapter turns to the actors behind the scene and sets the investment services policy process of the EU in its institutional context. Research in investment services regulation and supervision has tended to concentrate on defining appropriate objectives and standards and on issues related to efficiency in their operation. Only during the past couple of years have questions on institutional structures received increasing attention and have become a major issue of policy and public debate.1 The primary reason for this attention is more than obvious. Almost ten years after the 1992 EU ‘big bang’, it is a common belief that the ‘new regime’ of financial regulation and supervision has not delivered the benefits envisaged by its creators.

Keywords

Capital Adequacy Supervisory Authority Banking Supervision Basel Committee International Financial Institution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    This has become evident particularly after the release of the Lamfalussy Reports; Committee of Wise Men, Initial Report on Regulation of European Securities Markets (9 November 2000); Final Report on the Regulation of European Securities Markets (15 February 2001, hereinafter ‘Final Wise Men Report’).Google Scholar
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© Yannis V. Avgerinos 2003

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  • Yannis V. Avgerinos

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