Banking public law 2200-1W052N
The purpose of public banking regulation is to prevent crises and ensure financial safety and stability. The evolution of regulations in this area is characterised by increasing state interference in banking activities. The former include regulations developed by the Basel Committee, which have a soft law character but enjoy a high degree of authority. These regulations include the 29 principles of effective supervision, which constitute a sui generis supervisory code. The Banking Union was created, which, in addition to supervisory competences, includes the so-called resolution, or orderly restructuring and liquidation. New authorities were created, such as the European Banking Authority and the European Systemic Risk Board. They will learn about the competences and mutual relations with other authorities, as well as the measures that will be used, if necessary, in relation to banks.
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The purpose of public banking regulation is to prevent crises and ensure financial safety and stability. The evolution of regulations in this area is characterised by increasing state interference in banking activities. The former include regulations developed by the Basel Committee, which have a soft law character but enjoy a high degree of authority. These regulations include the 29 principles of effective supervision, which constitute a sui generis supervisory code. The Banking Union was created, which, in addition to supervisory competences, includes the so-called resolution, or orderly restructuring and liquidation. New authorities were created, such as the European Banking Authority and the European Systemic Risk Board. They will learn about the competences and mutual relations with other authorities, as well as the measures that will be used, if necessary, in relation to banks.