EU LEGAL ACTS ON FINANCIAL INSTITUTIONS SUPERVISION
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Published:
Dec 2, 2021
Abstract
To preserve financial and economic stability in the financial crisis of 2008, the European Commission, have been multiple amendments to acts of supranational law, including the ones related to the level of capital adequacy and liquidity regulation of the of financial institutions, as well as to crisis management in financial institutions. The work examines the amendments adopted by the European Commission after the crisis of 2008 to manage and monitor financial institutions, the appropriate conclusions have been made.
How to Cite
Cvetkova, I. (2021). EU LEGAL ACTS ON FINANCIAL INSTITUTIONS SUPERVISION. Baltic Journal of Legal and Social Sciences, (4), 56-64. Retrieved from http://www.baltijapublishing.lv/index.php/bjlss/article/view/1342
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Keywords
bank crisis, crisis management, financial institutions, liquidity, supervision’s macroprudential policy
References
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[2] Laeven L. and Fabian V. Systemic Banking Crises: a New Database // IMF Working Paper. 2008, № 08/224, РР. 1-78.
[3] Declaration of the Summit on Financial Markets and the World Economy. 2008 [Internet source] / G20 Information Center, см.: http://www.g20.utoronto.ca/2008/2008declaration1115.html (просмотрено 09.01.2019.)
[4] The de Larosière Group. Report on 25.02.2009. [Internet source] / The European Commission, см.: http://ec.europa.eu/internal_market/finances/docs/de_larosiere_report_en.pdf (просмотрено 09.01.2019.)
[5] Banking Union: restoring financial stability in the Eurozone. [Internet source] / The European Commission,см.: http://europa.eu/rapid/press-release_MEMO-15-6164_en.htm?locale=en (просмотрено 09.01.2019.)
[6] European Securities and Markets Authorityю [Internet source] / The European Commission, https://www.esma.europa.eu/ (просмотрено 09.01.2019.)
[7] Annex to Communiqué - G20 Finance Ministers and Central Bank Governors. Restoring lending: a framework for financial repair and recovery. 2009 [Internet source] / G20 Information Center, см.: http://www.g20.utoronto.ca/2009/2009annex0314.pdf (просмотрено 09.01.2019.)
[8] The European Financial Stability Facility (EFSF), см.: https://www.esm.europa.eu/efsf-overview (просмотрено 09.01.2019.)
[9] EIROPAS PARLAMENTA UN PADOMES DIREKTĪVA 2009/111/EK (2009. gada 16. septembris), ar ko groza Direktīvu 2006/48/EK, Direktīvu 2006/49/EK un Direktīvu 2007/64/EK attiecībā uz bankām, kuras saistītas ar galvenajām iestādēm, dažiem pašu kapitāla posteņiem, lieliem riska darījumiem, uzraudzības pasākumiem un krīzes pārvaldību, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32009L0111&from=bg (просмотрено 09.01.2019.)
[10] Discussion paper on the debt write-down tool–bail-in. 2010 [Internet source] / The European Commission, см.: http://ec.europa.eu/internal_market/bank/docs/crisis-management/discussion_paper_bail_in_en.pdf (просмотрено 09.01.2019.)
[11] EIROPAS PARLAMENTA UN PADOMES DIREKTĪVA 2010/76/ES (2010. gada 24. novembris), ar ko groza Direktīvu 2006/48/EK un Direktīvu 2006/49/EK attiecībā uz kapitāla prasībām, kas piemērojamas tirdzniecības portfelim un atkārtotai vērtspapirizācijai, un attiecībā uz atalgojuma politikas uzraudzības pārbaudi, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32010L0076&qid=1547413625047&from=EN (просмотрено 09.01.2019.)
[12] Basel III: international regulatory framework for banks. 2017 [Internet source] / Bank of International Settlements, см.: https://www.bis.org/bcbs/basel3.htm (просмотрено 09.01.2019.)
[13] EIROPAS PARLAMENTA UN PADOMES REGULA (ES) Nr. 575/2013 (2013. gada 26. jūnijs) par prudenciālajām prasībām attiecībā uz kredītiestādēm un ieguldījumu brokeru sabiedrībām, un ar ko groza Regulu (ES) Nr. 648/2012, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32013R0575&qid=1547413808190&from=EN
[14] EIROPAS PARLAMENTA UN PADOMES DIREKTĪVA 2014/59/ES (2014. gada 15. maijs), ar ko izveido kredītiestāžu un ieguldījumu brokeru sabiedrību atveseļošanas un noregulējuma režīmu un groza Padomes Direktīvu 82/891/EEK un Eiropas Parlamenta un Padomes Direktīvas 2001/24/EK, 2002/47/EK, 2004/25/EK, 2005/56/EK, 2007/36/EK, 2011/35/ES, 2012/30/ES un 2013/36/ES, un Eiropas Parlamenta un Padomes Regulas (ES) Nr. 1093/2010 un (ES) Nr. 648/2012, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32014L0059&qid=1547413686441&from=EN
[15] Bank Recovery and Resolution Directive (BRRD): Frequently Asked Questions, Memo 14/297. P.3
[16] EIROPAS PARLAMENTA UN PADOMES REGULA (ES) Nr. 806/2014 (2014. gada 15. jūlijs), ar ko izveido vienādus noteikumus un vienotu procedūru kredītiestāžu un noteiktu ieguldījumu brokeru sabiedrību noregulējumam, izmantojot vienotu noregulējuma mehānismu un vienotu noregulējuma fondu, un groza Regulu (ES) Nr. 1093/2010, см.: https://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32014R0806 (просмотрено 09.01.2019.)
[17] Constancio V. Financial stability risks, monetary policy and the need for macro-prudential policy. Speech by Viсtor Constancio, Vice-President of the ECB. Warwick Economic Summit. 13.02.2015.
[18] General Court of the European Union, 13 July 2018. The General Court annuls the decisions of the ECB refusing to allow six French credit institutions to exclude from the calculation of the leverage ratio certain exposure connected to French savings accounts, см.: https://curia.europa.eu/jcms/upload/docs/application/pdf/2018-07/cp180110en.pdf (просмотрено 09.01.2019.)
[19] Garcia G.G.H., Nieto M.J. Banking crisis management in the European Union: Multiple regulators and resolution authorities // Journal of Banking Regulation. 2010, № 6, P. 206–226.
[2] Laeven L. and Fabian V. Systemic Banking Crises: a New Database // IMF Working Paper. 2008, № 08/224, РР. 1-78.
[3] Declaration of the Summit on Financial Markets and the World Economy. 2008 [Internet source] / G20 Information Center, см.: http://www.g20.utoronto.ca/2008/2008declaration1115.html (просмотрено 09.01.2019.)
[4] The de Larosière Group. Report on 25.02.2009. [Internet source] / The European Commission, см.: http://ec.europa.eu/internal_market/finances/docs/de_larosiere_report_en.pdf (просмотрено 09.01.2019.)
[5] Banking Union: restoring financial stability in the Eurozone. [Internet source] / The European Commission,см.: http://europa.eu/rapid/press-release_MEMO-15-6164_en.htm?locale=en (просмотрено 09.01.2019.)
[6] European Securities and Markets Authorityю [Internet source] / The European Commission, https://www.esma.europa.eu/ (просмотрено 09.01.2019.)
[7] Annex to Communiqué - G20 Finance Ministers and Central Bank Governors. Restoring lending: a framework for financial repair and recovery. 2009 [Internet source] / G20 Information Center, см.: http://www.g20.utoronto.ca/2009/2009annex0314.pdf (просмотрено 09.01.2019.)
[8] The European Financial Stability Facility (EFSF), см.: https://www.esm.europa.eu/efsf-overview (просмотрено 09.01.2019.)
[9] EIROPAS PARLAMENTA UN PADOMES DIREKTĪVA 2009/111/EK (2009. gada 16. septembris), ar ko groza Direktīvu 2006/48/EK, Direktīvu 2006/49/EK un Direktīvu 2007/64/EK attiecībā uz bankām, kuras saistītas ar galvenajām iestādēm, dažiem pašu kapitāla posteņiem, lieliem riska darījumiem, uzraudzības pasākumiem un krīzes pārvaldību, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32009L0111&from=bg (просмотрено 09.01.2019.)
[10] Discussion paper on the debt write-down tool–bail-in. 2010 [Internet source] / The European Commission, см.: http://ec.europa.eu/internal_market/bank/docs/crisis-management/discussion_paper_bail_in_en.pdf (просмотрено 09.01.2019.)
[11] EIROPAS PARLAMENTA UN PADOMES DIREKTĪVA 2010/76/ES (2010. gada 24. novembris), ar ko groza Direktīvu 2006/48/EK un Direktīvu 2006/49/EK attiecībā uz kapitāla prasībām, kas piemērojamas tirdzniecības portfelim un atkārtotai vērtspapirizācijai, un attiecībā uz atalgojuma politikas uzraudzības pārbaudi, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32010L0076&qid=1547413625047&from=EN (просмотрено 09.01.2019.)
[12] Basel III: international regulatory framework for banks. 2017 [Internet source] / Bank of International Settlements, см.: https://www.bis.org/bcbs/basel3.htm (просмотрено 09.01.2019.)
[13] EIROPAS PARLAMENTA UN PADOMES REGULA (ES) Nr. 575/2013 (2013. gada 26. jūnijs) par prudenciālajām prasībām attiecībā uz kredītiestādēm un ieguldījumu brokeru sabiedrībām, un ar ko groza Regulu (ES) Nr. 648/2012, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32013R0575&qid=1547413808190&from=EN
[14] EIROPAS PARLAMENTA UN PADOMES DIREKTĪVA 2014/59/ES (2014. gada 15. maijs), ar ko izveido kredītiestāžu un ieguldījumu brokeru sabiedrību atveseļošanas un noregulējuma režīmu un groza Padomes Direktīvu 82/891/EEK un Eiropas Parlamenta un Padomes Direktīvas 2001/24/EK, 2002/47/EK, 2004/25/EK, 2005/56/EK, 2007/36/EK, 2011/35/ES, 2012/30/ES un 2013/36/ES, un Eiropas Parlamenta un Padomes Regulas (ES) Nr. 1093/2010 un (ES) Nr. 648/2012, см.: https://eur-lex.europa.eu/legal-content/LV/TXT/PDF/?uri=CELEX:32014L0059&qid=1547413686441&from=EN
[15] Bank Recovery and Resolution Directive (BRRD): Frequently Asked Questions, Memo 14/297. P.3
[16] EIROPAS PARLAMENTA UN PADOMES REGULA (ES) Nr. 806/2014 (2014. gada 15. jūlijs), ar ko izveido vienādus noteikumus un vienotu procedūru kredītiestāžu un noteiktu ieguldījumu brokeru sabiedrību noregulējumam, izmantojot vienotu noregulējuma mehānismu un vienotu noregulējuma fondu, un groza Regulu (ES) Nr. 1093/2010, см.: https://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32014R0806 (просмотрено 09.01.2019.)
[17] Constancio V. Financial stability risks, monetary policy and the need for macro-prudential policy. Speech by Viсtor Constancio, Vice-President of the ECB. Warwick Economic Summit. 13.02.2015.
[18] General Court of the European Union, 13 July 2018. The General Court annuls the decisions of the ECB refusing to allow six French credit institutions to exclude from the calculation of the leverage ratio certain exposure connected to French savings accounts, см.: https://curia.europa.eu/jcms/upload/docs/application/pdf/2018-07/cp180110en.pdf (просмотрено 09.01.2019.)
[19] Garcia G.G.H., Nieto M.J. Banking crisis management in the European Union: Multiple regulators and resolution authorities // Journal of Banking Regulation. 2010, № 6, P. 206–226.