The Regulatory Reform of the Single Market for Financial Services
In Part C, we presented the life support measures applied to the financial sector and governments mainly in the first stages of the crisis. While these measures were necessary to avoid the collapse of the financial system and the economy, they did not address the root causes of the problems.
Therefore, in parallel to the emergency measures, a legislative response was put in place to fix the flaws that the crisis had revealed and to avoid a similar crisis in the future. Section D explains and puts into perspective the comprehensive regulatory reform agenda of the single market for financial services in the wake of the crisis. Chapter 6 provides the general framework of financial ...
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