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Legal Aspects of Unified Financial Services Supervision in Germany

Published online by Cambridge University Press:  06 March 2019

Kenneth K Mwenda

Extract

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This paper examines recent institutional and structural developments relating to unified supervision of financial services in Germany. The main thrust of the academic debate concerning unified supervision of financial services was started in the UK. More recently, international organizations have taken an interest in the subject. Some of the issues confronting countries the world-over with respect to the unified supervision of financial services are whether to adopt unified supervision and, if so, how to structure the institutional and regulatory framework for unified agencies. At the outset, it must be pointed out that issues of regulatory organization are essentially second order issues. Far more important—and the first order issue— is the implementation of financial regulation, in particular supervisory capacity and its quality and the soundness of the legal framework underlying the regulatory process.

Type
Private Law
Information
German Law Journal , Volume 4 , Issue 10 , 01 October 2003 , pp. 1009 - 1031
Copyright
Copyright © 2003 by German Law Journal GbR 

References

1 See, for example, views presented in conference papers presented at a conference in Estonia, Tallin, 2001, appearing in the following publication: The World Bank and Ministry of Finance of the Republic of Estonia, Challenges for the Unified Financial Supervision in the New Millennium, (Tallin: Ministry of Finance, 2001).Google Scholar

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