La ordenación internacional de las entidades de créditoEn especial, el sistema de supervisión financiera en la Unión Europea

Abstract

The financial system is a key sector in the current economy, fulfilling the essential function of channeling saving into productive investment. The financial intermediation activities have a particular nature, that would have as objective of regulation and public oversight of maximum intensity. With progressive, these instruments of intervention and public oversight have begum a process of adaptation to the reality of the international financial system. This evolution has gone to technical and innovative policy instrument that are at the center of public regulation of the financial system. Moreover, in the framework of the reactions to the financial crisis, which began in 2007, it has happened a broad set of initiatives some structural elements of the public systems of financial regulation and supervision. The reform process has adquired its own identity within the European Union, especially in the States belonging to the Economic and Monetary Union. Thus, it has made several instruments designed to adress some of the existing deficient from the begining of the process of monetary integration that have been revealed with financial crisis in 2007. In particular, it has developed a banking union, as project which is it composed of the following essential elements: single rulebook in prudential regulation of baks, assignment of supervisory functions tho the European Central Bank, the creation of mechanisms and instruments of crisis management and further harmonization systems guarantee deposits.