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SELECTED SPECTS OF FINANCIAL SYSTEM SUPERVISION IN THE EUROPEAN UNION

Publication at Faculty of Law |
2022

Abstract

European Union regulations set rules and standards that financial institutions must follow. Supervision is a control process aimed at ensuring that financial institutions properly apply these rules and standards. Among other things, the global financial crisis revealed the need to improve and strengthen the European regulatory and supervisory structure. As a result, the European

Union has implemented several reforms to overhaul the way the European

Union's financial sector is regulated and supervised.