The paper offers a critical assessment of the financial reforms adopted or proposed at the European level. The reshaping of the EU institutional architecture and the adoption of the new Basel 3 rules should reduce the national margins of discretion that have up to now characterised supervisory...

The paper analyzes the effectiveness and efficiency of Basel II as a tool to promote resilience financial. In assessing the criticisms of the New Accord. Basel II is not necessary nor a sufficient condition for reach the systemic financial stability, especially under conditions of weak...

Since the late 1980s financial systems have gradually gone through profound changes in their regulatory framework. The most notable trait of this evolution is convergence towards some basic principles laid down by the Basle Committee on Banking Supervision. While some countries opted not to...