Critical Analysis of Selected Provisions of the EU Legislative Package in Respect of the Capital Requirements for the Banking Sector

• Autorzy: Agnieszka Malarewicz-Jakubów , Paweł Kułak
• Języki publikacji: EN

Abstrakty

EN

The main aim of this article is to provide a critical analysis of selected provisions of the Directive and Regulation in respect of the capital requirements for banking and finance sector in the European Union. It focuses on the analysis of the following aspects: (i) proposed regimes, mechanisms and legal structures creating the European framework on the capital requirements; (ii) implications of the new legislation for the banking sector and for the national regulatory authorities; (iii) certain similarities between the Third Basel Accord prepared by the Basel Committee on the Banking Supervision and the proposed EU capital requirements package; and (iv) implications of the legislation for the Polish banking and finance sector. As the global financial crisis reshaped the approach to the banking institutions throughout the world, the authorities started to be more concerned about the safety and creation of certain mechanisms preventing the sudden issues of the banks and financial institutions, which were in consequence resolved by the taxpayers. The cooperation between EU authorities and the Basel Committee on Banking Supervision resulted in the creation of the new framework on the capital requirements for the European Banking sector. To a certain extent, the EU proposal is a part of global, legal framework setting out harmonized rules ensuring the general stabilization in the banking and finance sector. It also constitutes a continuation of the EU policy on ensuring the safety of the European banking and finance sector. (original abstract)

Słowa kluczowe

EN

Banking law; Banking sector; Financial sector; Financial sustainability; Financial crisis; Legislative

PL

Prawo bankowe; Sektor bankowy; Sektor finansowy; Stabilność finansowa; Kryzys finansowy; System legislacyjny

• Czasopismo: Optimum : studia ekonomiczne
• Rocznik: 2014
• Numer: nr 5 (71)
• Strony: 52--68

Twórcy

autor

Agnieszka Malarewicz-Jakubów

• University of Bialystok, Poland

autor

Paweł Kułak

• University of Bialystok, Poland

Bibliografia

• Annex IV to the impact assessment accompanying the proposal for a Regulation of the European Parliament and the Council on prudential requirements for the credit institutions and investment firms, electronic document: [wwweuropa.eu, date of access: 27.05.2013].
• Annex V to the impact assessment accompanying the proposal for a Regulation of the European Parliament and the Council on prudential requirements for the credit institutions and investment firms, electronic document: [wwweuropa.eu, date of access: 27.05.2013].
• Basel Committee on the Banking Supervision, An Assessment of the Long-Term Economic Impact of Stronger Capital and Liquidity Requirements, electronic document: www.bis.org/publ/ bcbs173.htm, date of access: 01.06.2013].
• Basel Committee on the Banking Supervision, Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems, electronic document: [www.bis.org/publ/ bcbs189. htm, date of access: 02.06.2013].
• Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions, 2013 European Semester: Country-Specific Recommendations Moving Europe beyond the Crisis, electronic document: [http://ec.europa.eu/europe2020/pdf/nd/2013eccomm_en.pdf, date of access: 01.06.2013].
• Directive of the European Parliament and of the Council on the Access to the Activity of Credit Institutions and the Prudential Supervision of Credit Institutions and Investment Firms and Amending Directive 2002/87/EC of the European Parliament and of the Council on the Supplementary Supervision of Credit Institutions, Insurance Undertakings and Investment Firms in a Financial Congbmerate, electronic document: [wwweuropa.eu, date of access: 02.01.2014].
• Lannoo K. Europe Needs to Flex its Muscles with Banks, "Financial Times", electronic document: [wwwft.com/intl/cms/s/0/02c7968a-41c3-11e1- a58600144feab49a.html