Tuesday | 29 Sep 2020
25 Sep 2007

Banking Supervision Returns to the Forefront

Karel Lannoo

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The unfolding crisis in Europe’s financial markets is presenting the EU’s new regulatory and supervisory set-up with its first big test, revealing worrying differences in responses to stress, flaws in the enforcement of rules and gaps in the supervisory framework. Although the evidence is limited so far, some clear-cut policy recommendations can be made, which need to be urgently addressed.