Supervision, global (global supervision)

Proposal to establish a single global supervisory authority for – all financial service providers or groups (banks, insurance companies, funds; then also called colleges of supervision). – There are all the reasons for opposing such an authority (super-agency), which also make a pan-European supervisory authority appear less desirable. Orderly conditions on the international financial market are best achieved through local supervision (national supervision). This does not preclude close cooperation (which already exists) between national supervisors, nor does it preclude uniform rules (rule book) by which national authorities act. – See Supervision, European, Supervisory harmonization, European, Banking supervision, European, Fragmentation, supervisory, Same business – same rule principle, International Monetary Fund, Leaning against the wind, Lehman bankruptcy, Lamfalussy proposal, Murphy’s law, Ring fencing, Debt bomb, Subsidiarity principle, Systemic conflict, financial market. – Cf. BaFin Annual Report 2008, p. 42 (financial market crisis revealed need for better networked supervision worldwide), BaFin Annual Report 2009, p. 47 (European solution), Deutsche Bundesbank Monthly Report of December 2009, p. 63 (guidelines for the work and cooperation of supervisory bodies).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/