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Begin New Search Author Karel Lannoo Publication Year within 25 Years

11. Reform of Corporate Governance in the EU

Author:
Karel Lannoo and Arman Khachaturyan
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This Policy Brief criticis es the European Commission's proposal to mandate compliance with a local corporate governance code and to set minimum criteria for these codes. It argues that the European Commission missed an opportunity to set a European corporate governance code in the mid -1990s, and that much of the proposals are simply reactive to events and new legislation in the US. Europe should have highlighted the strength of its diversity, and emphasised that the basic elements of corporate governance are better controlled in the EU than t hey are in the US, rather than embarking on a complex harmonisation exercise.
Topic:
Government, Human Rights, and International Organization
Political Geography:
Europe

12. Supervising the European Financial System

Author:
Karel Lannoo
Publication Date:
05-2002
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The EU's financial sector has been undergoing an almost continuous wave of de- or reregulation since the late 1980s. The Single Market programme with minimal harmonisation and home country control was implemented in successive periods for banking, insurance and the securities markets. By the end of the 1990s, however, under the impact of EMU, it was clear that this was not sufficient, and a Financial Services Action Programme set a schedule for the adoption of 42 directives to create a truly integrated financial market by 2005. Moreover, a Committee of Wise Men under the chairmanship of Alexandre Lamfalussy made proposals to ease the adaptation of EU financial regulations to market developments.
Topic:
Government, Human Rights, and International Organization
Political Geography:
Europe