Financial Market Stability in the European Union: Enhancing Regulation and Supervision

Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion more likely. An important challenge for the EU is to...金融创新与金融一体化既推动了金融发展，也丰富了消费者的选择。金融一体化还催生了大型复杂跨境金融机构（Large, Complex, Cross-border Financial Institutions, LCFIs），此类机构改变了整体风险状况，加大了跨境风险传染的可能性。欧盟面临的一项重要挑战是……