The Great Financial Plumbing

<span><span>The financial crisis has led to a far-reaching redesign of the European regulatory and supervisory framework. Following the commitments made in the context of the G-20, but also reacting to internal shortcomings, the EU engaged in a massive program to re-regulate financial markets. The EU furthermore redesigned the structure for supervisory cooperation, initially through the European Supervisory Authorities, and later in its ambition to form the Banking Union.<br><br>In </span><span>The Great Financial Plumbing</span><span>, Karel Lannoo systematically assesses the new regulatory and supervisory framework. The book’s structure follows the big questions on the agenda: </span></span> <br> <br> <span><span>1) What is Banking Union? <br>2) How have the concerns of the G-20 been addressed by the EU (oversight of credit-rating agencies, better capital for banks, the re-regulation of securities and derivatives markets, asset management, depositor protection and bank resolution)? <br>3) How were uniquely EU rules on state aid applied to the banking sector? </span></span> <br> <br> <span><span>This book is designed to give professionals, policy-makers and students a better understanding of the new regulatory framework and insights into the policy context that has led to the new rules governing financial markets in Europe. </span></span> <br> <span><span><br></span></span>