Apostolos Gkoutzinis :
031_DP48 Trade Policies and the Legal Perspective of Electronic Banking Activities in the Single European Market
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Abstract:
An undiluted policy of mutual recognition and “home country” control is often regarded as an effective remedy to the dysfunction of the single financial area. This paper intends to support this argument. In particular, it will make the case for genuine “home country” banking supervision over cross-border electronic banking activities via the internet where the progress towards market integration is asymmetrical to the capabilities of network technology. Despite the clear normative value of the proposed model however, its actual success depends on preconditions which are difficult to be fulfilled. No description of actual EU Directives is offered.
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