Compliance with financial supervisory standards and the developing world: a comparative study between EU and Africa

bibliographic database
Line

Periodical article

Title:	Compliance with financial supervisory standards and the developing world: a comparative study between EU and Africa
Author:	Poto, Margherita
Year:	2008
Periodical:	Journal of African and international law
Volume:	1
Issue:	3
Pages:	35-51
Language:	English
Geographic terms:	Subsaharan Africa Europe
Subjects:	financial market regulatory agencies
Abstract:	First, this paper mentions some of the international actors and standards in order to analyse their impact and influence on the European financial supervisory system. Next, it focuses on the European Union system to see its level of compliance with international standards. Taking into consideration international standards and working to comply with the maximum level of transparency and independence, the European member States build a network which can become a paradigm for emerging economies. This point is further analysed in the next section with respect to sub-Saharan Africa. A comparative study may seem a hazard in this case, but here also some basic solutions, such as a common core of principles to establish independent regulators, may be considered as possible. Notes, ref. [ASC Leiden abstract]