CHAPTER 7

Regulatory Reform II: Overview of the New Rules

Chapter 6 provides an overview of the main principles of regulating financial services and how the regulatory framework adapted to the lessons learnt from the crisis. While a detailed analysis of all the texts adopted since 2008 goes beyond the purpose of this book, this chapter, provides a brief discussion on some of the main areas of financial regulation: the new supervisory architecture (Section 7.1), the regulation of financial markets (Section 7.2), measures aimed at strengthening the banking system in Europe through the single rulebook (Section 7.3) and more specifically in the euro area through the banking union (Section 7.4), the financial transaction tax and the banking structural ...

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