Titlebook: Equivalence in Financial Services; A Legal and Policy A Francesco Pennesi Book 2022 The Editor(s) (if applicable) and The Author(s), under

BRACE

https://doi.org/10.1007/978-3-663-19017-2EU equivalence regime and ESMA should be reformed to centralize the supervision of third-country entities. Thereafter, the chapter investigates whether our reform proposal would be compatible with EU constitutional law and the jurisprudence of the European Court of Justice, as well as feasible from a political perspective.

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招惹

The Equivalence Regime: Financial Regulation Between EU and Third Countriesnce in the banking and non-banking sector. Finally, the chapter outlines the accountability practises through which the European Parliament and the Council can control how the European Commission implement equivalence frameworks established under EU law.

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mechanism

来这真柔软

Financial Regulation and Systemic Risktem of payments. However, financial service providers may be systemically important actors, whose activities can endanger not only their shareholders, but also the rest of the economy. Financial regulation plays a fundamental role by forcing financial actors to internalize the negative externalities they produce.

FLAT

起来了

Optionen einer aktiven Zuwanderungspolitik,y. We call this methodology “macroprudential” because it is tailored to the systemic impact of each market actors. While small operators can provide services in the EU following their local regulation, systemic players should be subject to EU regulation, to preserve the level playing field within the Union.

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chronology