Financial Supervision and Regulation in Europe

Would you trust your local greengrocer or launderette to safeguard the wages paid to you by your employer? The safekeeping service provided by banks must be immune from any financial crisis or at least the public must feel that to be the case. To maintain confidence in the banking sector, the European political system has a system of regulation and supervision in place. Here we We learn about the passing of relevant legislation and the independence of regulatory bodies. The differences between monetary stability and financial stability in the area of financial supervision and regulation are explored.