Goodhart, C. A. E. and Sato, Hideki (2024) A note on the differences between European and international methodologies of banking regulation and supervision. CEPR discussion paper series (18840). Centre for Economic Policy Research (Great Britain), London, UK.
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Abstract
Although monetary policy is the main tool for central banking in order to control inflation/deflation, micro- and macroprudential instruments are also essential for crisis management. In this paper, we aim to clarify the differences between European and international banking methodologies. The European approach as represented by the European Banking Union, is based on a harder legalistic approach, whereas the international approach implemented by the Basel Committee on Banking Supervision has a soft-law methodology. We propose two comparative standpoints: “uniformity” versus “diversity”, and a “legislative” versus "principle-based” approach.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | https://cepr.org/content/discussion-papers |
| Additional Information: | © 2024 The Authors |
| Divisions: | Financial Markets Group |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HB Economic Theory |
| JEL classification: | E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation |
| Date Deposited: | 16 Feb 2024 14:21 |
| Last Modified: | 14 Sep 2024 04:46 |
| URI: | http://eprints.lse.ac.uk/id/eprint/122044 |
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