The Study of the Financial Systemic Risk in Europe: the Development of the EU’s Banking Supervision.

• Main Authors: Shu-Yu Chiang, 江書瑜
• Other Authors: Hsiu-Chen Tzeng
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/w2tpxf

碩士 === 淡江大學 === 歐洲研究所碩士班 === 101 === In recent years, thanks to the impact of the financial tsunami, people have paid much attention to the financial systemic risk and want to find how to prevent it.In order to guard against the financial systemic risk, we need an ideal supervision mechanism to oversee financial institutions; in other words, the main purpose of financial supervision is to ensure the stability of the financial system and protect the right of depositors. Otherwise, to establish a perfect risk management mechanism, the supervision mechanism should comprise macro and micro-prudential supervision. Since the financial tsunami in 2008, to be able to monitor, assess and mitigate systemic risk, the European union have also been working on creating new tools for a new policy area, namely giving a macro-prudential orientation to financial regulation and supervision. However, there are currently vulnerabilities in the banking sector which have a negative impact on the sovereign debt crisis. This problem poses specific risks within the euro area where the single currency increases the likelihood of negative spill-over effects across borders. Therefore, in May 2012, the Commission called for a banking union to restore confidence in banks and the euro. It is in this context that the June 2012 European Council decided that the countries of the euro area would create a single supervisory mechanism for banks to make sure that all euro-countries can have full confidence in the quality and impartiality of banking supervision.