<abstract xmlns="http://www.w3.org/1999/xhtml"><p> During the last two decades there have been significant changes in the structure of the banking sector at the European level. Factors such as globalization, integration and development of information technologies had a significant impact on these changes. In terms of the economic integration of Europe and structural changes, there is a need to redefine the regulatory infrastructure, due to inadequate institutional arrangements. The problem topics about reform of banking regulation and establishment of a banking union, as a new level of economic integration of Europe, has been put in the focus of interest during the global financial crisis. For this reason, the paper attempts to give a comprehensive analysis of the reasons and ways to reform regulation of the banking sector. Using a critical review of the implemented reforms of banking regulation at the national and supranational level will be reconsidered their applicability in specific problem situations and suggest measures for further improvement.</p></abstract>

During the last two decades there have been significant changes in the structure of the banking sector at the European level. Factors such as globalization, integration and development of information technologies had a significant impact on these changes. In terms of the economic integration of Europe and structural changes, there is a need to redefine the regulatory infrastructure, due to inadequate institutional arrangements. The problem topics about reform of banking regulation and establishment of a banking union, as a new level of economic integration of Europe, has been put in the focus of interest during the global financial crisis. For this reason, the paper attempts to give a comprehensive analysis of the reasons and ways to reform regulation of the banking sector. Using a critical review of the implemented reforms of banking regulation at the national and supranational level will be reconsidered their applicability in specific problem situations and suggest measures for further improvement.

Redefining the Role of Banking Regulation in the Banking Sector of European Union

University of Kragujevac, Faculty of Economics, Serbia

PhD student, University of Kragujevac, Faculty of Economics, Serbia

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

During the last two decades there have been significant changes in the structure of the banking sector at the European level. Factors such as globalization,...

Redefining the Role of Banking Regulation in the Banking Sector of European Union

Published Online: Apr 15, 2016

Page range: 18 - 36

Received: Oct 14, 2014

Accepted: Apr 16, 2015

DOI: https://doi.org/10.1515/ethemes-2015-0002

Keywords
regulation of banking activities, regulatory reform, global financial crisis, banking union

© 2016

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Redefining the Role of Banking Regulation in the Banking Sector of European Union

Published Online: Apr 15, 2016

Page range: 18 - 36

Received: Oct 14, 2014

Accepted: Apr 16, 2015

DOI: https://doi.org/10.1515/ethemes-2015-0002

Keywordsregulation of banking activities, regulatory reform, global financial crisis, banking union

© 2016

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
regulation of banking activities, regulatory reform, global financial crisis, banking union