000			01858cam a2200205 4500500
005			20250123141522.0
041			_afre
042			_adc
100	1	0	_aPerrut, Dominique _eauthor
245	0	0	_aGlobal and european financial reforms
260			_c2013.
500			_a79
520			_aIn response to the severe disruption of the financial system, the agenda defined by the Group of Twenty (G20), in 2008, has led to a new regulatory framework. These ongoing reforms outline a new organization, which could be called the Global and Integrated Prudential Model. Such a model is based on global rules defined by international standard setters and on the integration between the different parts of the prudential organization. In this context, a new prudential organization is being set up in Europe.Henceforth, international coordination is underway, but questions remain. What could be the effects of the new rules on banking capital requirements, and, consequently, on the funding of the economy, not to mention the very structure of the financial system?As for the EU, which very swiftly carried out an important recasting of its legal frame, the continent will henceforth have to face three challenges: first, the risk of regulatory competition from large countries, chiefly the USA; second, the need to improve the law-making and the complex supervisory system; and third, the building of the Banking Union aimed at overcoming the current euro area crisis. JEL Classification: E58, F36, G28.
690			_abanking regulation and supervision
690			_amacro-prudential regulation
690			_afinancial aspects of economic integration
690			_aCentral Banks
786	0		_nRevue de l'OFCE | 127 | 1 | 2013-01-01 | p. 235-273 | 1265-9576
856	4	1	_uhttps://shs.cairn.info/revue-de-l-ofce-2013-1-page-235?lang=en&redirect-ssocas=7080
999			_c838756 _d838756