Abstract

Cooperation between national banking supervisors A very high level of cooperation between national banking supervisors inside the European Union is an undeniable need. For many reasons, the cooperation level that will be reached, in particular for supervisors regulating the same financial company within several Members States, will be the efficient key test of the decentralized system of supervision that political authorities decided to preserve. This cooperation can easily be merged with the convergence of the supervision practices which is the only way to create a real competing environment. Convergence is actually the implementation of the legal practises framework for banking supervision determined by the European institutions ; the cooperation needs an additional level of will to work together and share a true common culture in the single European financial market context. JEL classification : F36, F42, G28

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