A Unified European Market for Financial Services

1995 ◽  
pp. 178-189
Author(s):  
Diane Walker
Keyword(s):  
Financial Services ◽  
European Market

The Role and Functioning of Mutual Recognition in the European Market of Financial Services

2007 ◽  
Vol 56 (2) ◽  
pp. 309-338 ◽  
Author(s):  
Matteo Ortino
Keyword(s):  
Financial Services ◽  
Market Integration ◽  
Mutual Recognition ◽  
National Level ◽  
European Market ◽  
Important Distinction ◽  
Services Sector ◽  
European Court ◽  
Rule Making

AbstractIn Europe part of the rule-making and the whole enforcement of financial services regulation still take place at national level. For this reason, mutual recognition of national financial laws remains an element of central importance in the creation and regulation of a European market in this field. This article seeks to contribute to the analysis of such legal instrument, as several aspects of its functioning often appear unclear. The article starts by analysing the principle of mutual recognition as developed by the European Court of Justice. An important distinction is drawn between such judicially created principle and the principle of mutual recognition applied by the EC legislator. The article then looks at the question of why mutual recognition has not succeeded as a regulatory mechanism of financial services market integration, and at the role of mutual recognition after the introduction of the so-called ‘Lamfalussy’ law-making process to the financial services sector.

Liberalisation and Consolidation: The Single European Market and the Remaking of European Financial Capital

1992 ◽  
Vol 24 (1) ◽  
pp. 49-81 ◽  
Author(s):  
A Leyshon ◽  
N J Thrift
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
State Regulation ◽  
The State ◽  
European Market ◽  
Financial Capital ◽  
Services Sector ◽  
Financial Services Sector ◽  
Single European Market

The European Community's attempts to restructure the European financial services sector, as part of the Single European Market programme, are examined. These attempts are seen to embody impulses towards the liberalisation and consolidation of the sector which are often at odds. The authors examine the state regulation of money and financial institutions, consider the chief tendencies towards liberalisation and the opposing tendencies towards consolidation, and speculate on the outcome of the programme, especially on the struggle between finance and financial capital models of state regulation of money and finance.

The single European market in financial services

1996 ◽  
Vol 96 (5) ◽  
pp. 43-53 ◽  
Author(s):  
S.P. Chakravarty ◽  
P.M. Molyneux
Keyword(s):  
Financial Services ◽  
European Market ◽  
Single European Market
Sign in / Sign up

Export Citation Format

Share Document