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 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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| Verfasserangaben: | Martin GötzGND, Tobias TrögerORCiDGND |
|---|---|
| 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 |
| Titel des übergeordneten Werkes (Deutsch): | SAFE policy white paper series, 47 |
| Schriftenreihe (Bandnummer): | SAFE white paper series (47) |
| Verlag: | SAFE |
| Verlagsort: | Frankfurt am Main |
| Dokumentart: | Arbeitspapier |
| Sprache: | Englisch |
| Datum der Veröffentlichung (online): | 29.03.2017 |
| Jahr der Erstveröffentlichung: | 2017 |
| Veröffentlichende Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Beteiligte Körperschaft: | European Parliament's Economic and Monetary Affairs Committee |
| Datum der Freischaltung: | 29.03.2017 |
| Freies Schlagwort / Tag: | monetary penalties bank sanctions; banking regulation; banking supervision; financial stability |
| Ausgabe / Heft: | March 2017 |
| Seitenzahl: | 22 |
| HeBIS-PPN: | 400950650 |
| Institute: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Angeschlossene und kooperierende Institutionen / Institut für sozial-ökologische Forschung (ISOE) | |
| Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
| DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Lizenz (Deutsch): |  Deutsches Urheberrecht |
