Abstract

Everyone working in the field of financial regulation – but in other fields as well - is struck by the great number of documents that are being proposed or adopted in this field by the international institutions (FSB, BCBS, BIS, OECD, etc.), but even in greater quantity, by the European institutions. The present paper is aimed at exposing this problem and its increasing complexity, leading to a risk of destabilising the financial regulatory system, creating overlaps and gaps, and possibly engaging the liability of financial institutions. But the problem can be solved. The first and most practical solution consists of organising an integrated website where all texts of whatever nature are posted in a coordinated way, integrating the respective changes and the implementing documents, including level 3, q&a’s, recommendations and other authoritative statements. As in many fields, national legislation remains applicable, it should be included. An initiative from the European institutions would be most welcome.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.