TY  - UNPD
A1  - Götz, Martin
A1  - Tröger, Tobias
T1  - Fines for misconduct in the banking sector – what is the situation in the EU?
T2  - SAFE policy white paper series, 47
N2  - 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.
T3  - SAFE white paper series - 47 
KW  - financial stability
KW  - banking supervision
KW  - banking regulation
KW  - bank sanctions
KW  - monetary penalties
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/44074
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-440745
UR  - 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
IS  - March 2017
PB  - SAFE
CY  - Frankfurt am Main
ER  -