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A European Mandate for Financial Sector Supervisors in the EU

A European Mandate for Financial Sector Supervisors in the EU by International Monetary Fund
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The EU is deliberating the introduction of an explicit "European mandate" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.
International Monetary Fund; January 2009
32 pages; ISBN 9781452725864
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Title: A European Mandate for Financial Sector Supervisors in the EU
Author: International Monetary Fund