Mise à jour : 17 septembre 2012 (Rédaction initiale : 13 septembre 2012 )

Sur le vif

The European Commission has published its institutional architecture of the Union Bank, which is being built in Europe. The primary role is entrusted to the European Central Bank. The ECB shall have power to issue licenses to the 6000 banks acting in the euro area. This institution will supervise to ensure compliance and liquidity. It will restore compliance if necessary. It will have power to impose sanctions, ranging from fines to withdrawal of approval. Thus, institutional reform leads to an extreme centralization of power, national authorities no longer as relays

Mise à jour : 10 septembre 2012 (Rédaction initiale : 3 septembre 2012 )

Sur le vif

Before the rules called Basel III shall apply in Switzerland in 2015, the "Département Fédéral de Finance" (Swiss Federal Department of Finance) of the "Conseil Fédéral Suisse" (Swiss Federal Council) has developed a draft of an ordinance that was subject to public consultation on August 28, 2012. Another text will present later rules about systemic banks. The order will be applicable on the 1st January 2013. But banks, like any anticipator market agent, have not already internalized the rules of Basel III ? In addition, it seems that the criterion of systemic continues to be the size of the agent, but it is not so evident.

Mise à jour : 13 avril 2012 (Rédaction initiale : 13 avril 2012 )

Parutions : Neutrality in Systems of Economic Regulation

Translated Summaries

The translated summaries are done by the Editors and not by the Authors.

ENGLISH

Prudential regulation applied to banks is caught swinging back and forth between two objectives.

FRENCH

La réglementation prudentielle appliquée aux banques oscille constamment d’un objectif à l’autre.


Mise à jour : 8 décembre 2011 (Rédaction initiale : 22 septembre 2011 )

Parutions : Neutrality in Systems of Economic Regulation

Mise à jour : 3 octobre 2011 (Rédaction initiale : 21 septembre 2011 )

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