Skip Navigation

Journal of International Economic Law 2000 3(2):349-375; doi:10.1093/jiel/3.2.349
© 2000 by Oxford University Press
This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Similar articles in ISI Web of Science
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrow Search for citing articles in:
ISI Web of Science (1)
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Hertig, G
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Regulatory competition for EU financial services

G Hertig

Swiss Institute of Technology (ETH Zurich), Zurich, Switzerland

The practical impact of EU regulatory efforts to facilitate cross-border financial services has yet to become clear. This may reflect either lingering Member State protectionism or simply the time needed for regulatory reform to become effective. The fact that EU harmonization has resulted in the adoption of minimum standards that cannot considered high in relative terms supports the latter explanation. Market access has been facilitated and there is room for regulatory competition - especially when Euro and e-commerce developments are taken into account. However, in the end, the growth of cross-border financial services will depend upon the perceived effectiveness of home Member State supervision. Given that modern financial supervision requires regulatory agencies to successfully hire and retain a large number of specialists, both providers of financial services and regulators seem willing to sacrifice some regulatory diversity in favor of centralized EU supervision.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.