The objective of the article is to analyse the consolidation process in financial markets regulation in the European Union. The regulation system is viewed as an adjusted balance of preventive and protective framework. The consolidation of regulation is analysed at national and supranational level. The general trend of shifting to more consolidated national regulation models is confirmed. Conclusion is made that creation of Banking Union in Euro Area may lead to two speed consolidation process. The regulation models of the Baltic States are compared, some consequences of joining Euro Area are analysed.
|Journal||KSI transactions on knowledge society: a publications of the Knowledge Society Institute|
|Publication status||Published - 2014|
- Financial markets regulation
- Regulatory reform
- Macro-prudential supervision
- European Union