Supranational financial institution will be introduced by the European Union. On the establishment of such a regulator of banking institutions have agreed to the government and parliaments of the EU. The task of the European main bank to monitor systemic risk in the markets of member countries of the European zone.
Thus, European governments want to prevent a repetition of the second wave of economic recession in the region. Work will start this organization in January 2011. Headed by a supranational financial regulator will be chairman of the European Central Bank Jean-Claude Trichet.
The regulator will not only prevent EU governments on the critical and risky situations in the economy, but also to investigate the financial activities of an institution or enterprise. This will allow emergency temporarily or permanently prohibit the activities of any economically unsafe institutions.
This supervisory authority is needed around the world as the global financial crisis has brought huge losses to the European financial system. He not only bankrupted many small and medium-sized financial institutions, but also provoked the biggest recession in Europe since the Second World War.
But, as we see the EU countries are gradually recovering from the global FINANCING stress. Bulgaria has increased the index of business climate, Germany and Estonia actively export goods patronymic production.
On materials www.eco-news.org.ua