1. Bank and Supervisory Responses to the Debt Crisis
The new policies primarily concern bank liquidity, capital, and corporate structure. ... In order to respond to the debt crisis, European Union embraced the need to strengthen the policy coordination between its member states in 2011. ... This package made the prevailing Stability growth and Pact (SGP) stronger, especially in the fiscal policy area. ... These institutions include (Hofmann, Rowe & Turk, 2011): the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the European Insurance and Occupational Pension Authority (EIOPA), and the European Systematic ...
- Word Count: 785
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate