This site is for archive purposes. Please visit www.eliamep.gr for latest updates
Go to Top

The European Union remains a laggard on banking supervisory transparency

Gandrud, Christopher, Hallerberg, Mark, Véron, Nicolas, (2016), “The European Union remains a laggard on banking supervisory transparency”, Bruegel, 10 Μαΐου

Supervisory transparency, or the publication by prudential supervisors of data about the institutions they supervise, is an essential tool to ensure market discipline in the banking sector and thus supports the public-policy objective of financial stability, in complement to disclosures made by the banks themselves. In the European Union, we find that the already low level of supervisory transparency has generally not improved, and even deteriorated, in early 2016 compared to a previous survey made in 2013 (Gandrud and Hallerberg, 2014). Supervisory authorities, including the European Central Bank (ECB) in its new capacity as euro-area financial supervisor, should dramatically step up their efforts to provide the public with more information about Europe’s massive banking sector.

Σχετικές Αναρτήσεις