Lessons from the Financial Crisis: Is National Supervision of International Markets to Blame?

Lessons from the Financial Crisis: Is National Supervision of International Markets to Blame?

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Lessons from the Financial Crisis: Is National Supervision of International Markets to Blame?

Due to rising interrelationships between markets, domino-effects and contagion have spread the financial crisis into the European Union. While cross-border flows and international integration of financial institutions and markets grew considerably, supervision mainly remained on a national level.

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