Legal instruments and mechanisms for achieving supervisory micro - and macroprudential convergence in EU financial market Cover Image

Osiąganie konwergencji nadzorczej mikroostrożnościowej i makroostrożnościowej w prawie rynku finansowego Unii Europejskiej
Legal instruments and mechanisms for achieving supervisory micro - and macroprudential convergence in EU financial market

Author(s): Magdalena Fedorowicz
Subject(s): EU-Accession / EU-DEvelopment, Financial Markets, EU-Legislation
Published by: Uniwersytet Adama Mickiewicza
Keywords: Legal instruments; mechanisms; supervisory; micro - and macroprudential convergence; EU financial market;

Summary/Abstract: The aim of this paper is to identify and analyse the net convergence on the financial market due to supervisory convergence on the financial market in the microprudential and macroprudential systemic approach and to place this process in the financial net reliance after the legal changes implemented by the European System of Financial Supervision and European Banking Union. In particular, instruments and mechanisms of the EU and national (Polish) instruments and mechanisms for achieving supervisory convergence were analysed, which is a sine qua non for achieving the objective of financial stability, illustrating at the same time the convergence of financial administration in the EU financial market and the legal effects and results of this convergence in institutional, procedural, substantive and network dimensions. The thesis of the study is that three equivalent, necessary and complementary regulatory ways of achieving supervisory convergence in the financial market can be identified.

  • Issue Year: 80/2018
  • Issue No: 4
  • Page Range: 155-169
  • Page Count: 15
  • Language: Polish
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