[fre] Le développement très dynamique en France des services bancaires et financiers sur Internet est porteur de nombreuses opportunités pour les établissements financiers comme pour leur clientèle, mais également d'incertitudes. Le Livre blanc de la Banque de France et de la Commission...

The Pre-commitment approach (PCA) raises several concerns from a supervisor's perspective: the system of penalties which is envisaged is not efficient, the PCA may add to the financial instability, the supervisors are supposed to be on the side line contrary to their role to promote a sound...

This paper was presented at the conference "Financial services at the crossroads: capital regulation in the twenty-first century" as part of session 5, "International capital allocation at financial institutions." The conference, held at the Federal Reserve Bank of New York on February 26-27,...

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