Soft law as a factor stabilizing the financial system
Soft law as a factor stabilizing the financial system

Author(s): Emilia Klepczarek
Subject(s): Economy, Law, Constitution, Jurisprudence
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: soft law;factor stabilizing;financial system
Summary/Abstract: This paper aims to discuss the use of soft law as one of the factors stabilizing the financial system. The advantages and disadvantages of replacing traditional legal regulations with soft law regulations in certain areas of banking supervision will be presented. An attempt will be made to prove that soft law applied in financial supervision may not only increase the security of particular institutions, but also enhance their effectiveness and public confidence.

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