Fines for misconduct in the banking sector – what is the situation in the EU?

Bank regulators have the discretion to discipline banks by executing enforcement actions to ensure that banks correct deficiencies regarding safe and sound banking principles. We
highlight the trade-offs regarding the e
Bank regulators have the discretion to discipline banks by executing enforcement actions to ensure that banks correct deficiencies regarding safe and sound banking principles. We
highlight the trade-offs regarding the execution of enforcement actions for financial stability. Following this we provide an overview of the differences in the legal framework governing supervisors’ execution of enforcement actions in the Banking Union and the United States. After discussing work on the effect of enforcement action on bank behaviour and the real economy, we present data on the evolution of enforcement actions
and monetary penalties by U.S. regulators. We conclude by noting the importance of supervisors to levy efficient monetary penalties and stressing that a division of competences among different regulators should not lead to a loss of efficiency regarding
the execution of enforcement actions.
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Metadaten
Author:Martin Götz, Tobias Tröger
URN:urn:nbn:de:hebis:30:3-440745
URL:http://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/fines-for-misconduct-in-the-banking-sector-what-is-the-situation-in-the-eu.html
Parent Title (German):SAFE policy white paper series, 47
Series (Serial Number):SAFE white paper series (47)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Date of Publication (online):2017/03/29
Year of first Publication:2017
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Contributing Corporation:European Parliament's Economic and Monetary Affairs Committee
Release Date:2017/03/29
Tag:monetary penalties
bank sanctions; banking regulation; banking supervision; financial stability
Issue:March 2017
Pagenumber:22
HeBIS PPN:400950650
Institutes:Wirtschaftswissenschaften
Institut für sozial-ökologische Forschung (ISOE)
Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:330 Wirtschaft
Sammlungen:Universitätspublikationen
Licence (German):License Logo Veröffentlichungsvertrag für Publikationen

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