External authors
External authors
Book/Special report
Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and the scope for internationalisation of the financial services industry’
Blog Post
Compared to micro-prudence of financial institutions, ‘systemic stability’ and ‘consumer protection’ are harder to achieve because they are beyond the reach of the ‘invisible hand’ and of individual supervisory authorities. For this reason, it is of utmost importance to clarify who are the responsible parties for financial systemic stability and consumer protection. An independent regulatory committee for each of systemic risk and consumer protection, with strong legal bases, is expected to work most effectively.