Credit crisis is a missed opportunity to restructure European financial supervision

by Roel Beetsma (University of Amsterdam, CEPR, CESifo) and Sylvester Eijffinger (Tilburg University, CEPR, CESifo) Although the current credit crisis has (so far) only had a limited impact on the European financial sector, there is still a need to restructure European financial sector supervision. Currently, the responsibility for financial supervision is at the national level. […]