Fourth , the new regulatory framework on trade execution .

As things stand, reinsurance undertakings are not subject to any uniform EU legal framework.

The notion of a regulatory framework is opposed to one of intervention , interference or meddling .

Assessment of ways to streamline existing legislation on industrial emissions in the context of Better Regulation

One particularly important regulatory framework is the one which concerns social policy .

It includes , for example , measures to further open EU markets and to simplify the regulatory framework within which business operates .

As well as obviously being a particularly effective strategy for large companies, while at the same time hindering access for small companies to the regulatory protection framework,

Finally , the third article examines how the regulatory framework for corporate governance has evolved over recent years .

it gives advice on the legislative and regulatory framework for the financial system and direct rule making

Financial inclusion, supported by a strong regulatory framework, encourages responsible lending and promotes innovation.

At EU level, there is a limited and imperfect regulatory framework that essentially focuses on e signatures.

The ECB supports the intention to provide a harmonised regulatory and supervisory framework for the activities of alternative investment fund managers ( AIFMs ) in the European Union .

(v) Creating a legal and regulatory framework with a view to promoting sustained economic growth and sustainable development

The ECB would also recall the conclusions of the Committee of Wise Men on the need to devise a Community regulatory framework that is flexible and swiftly adaptable to changing needs .

Accordingly , the ECB and the Eurosystem provide advice on , and contribute to , the development of the EU regulatory and supervisory framework .

In its opinion on this proposed new directive , the ECB welcomed the principles underlying the revised regulatory framework .

This should contribute to the establishment of a common regulatory framework for market players which may also be quickly adjusted if needed .

The review emphasised that the Lamfalussy framework has fostered significant progress in terms of the efficiency and transparency of the EU legislative process and in achieving a more consistent regulatory and supervisory framework .

At EU level, the Commission continues improving the quality of legislation and the regulatory environment to make it fitter, more stable and predictable.

This wide scope of membership reflects the fact that the national responsibilities for financial stability and supervision are fulfilled in accordance with the harmonised regulatory framework and the Single Market of the European Union .

The future Eurosystem NCB shall not impose such penalties if the future participating Member State in question has established a regulatory framework providing for an equivalent level of protection .

In recent years , the ECB and the Eurosystem have provided important contributions regarding the enhancement of the EU regulatory framework for financial services .

Prudential regulation is based on a largely harmonised EU wide regulatory framework , for which the European Commission is mainly responsible .

These differences lead to important prudential deficiencies in the regulatory framework that is designed to ensure financial stability , and competitive distortions in otherwise highly competitive markets .

Successful adoption and implementation of all these initiatives , including the present one , represent an indispensable contribution to the overall regulatory framework for securities markets .

The future Eurosystem NCB shall not impose such penalties if the future participating Member State in question has established a regulatory framework providing for an equivalent level of protection .

The Basel Committee on Banking Supervision has issued Recommendations intended to mitigate the risk that the regulatory capital framework might amplify the transmission of shocks between the financial and real sectors .

The ECB urges the Commission of the European Communities to continue the dialogue with its international partners , in particular the United States , to ensure a globally coherent regulatory and supervisory framework .

The dog then must have pushed a switch and turned on the hotplate.

The public sector should provide a legal , regulatory , supervisory and fiscal framework that fosters the equal treatment of , and equal access for , market participants across the EU . ECB Monthly Bulletin 10th Anniversary of the ECB Financial integration is market led process ...

The Eurosystem has also provided regular advice and input to the development of the legal , regulatory and supervisory framework for financial services , especially at EU level .

As the possible impact on the market and the regulatory framework are not totally clear yet, a full assessment of the current and future situation should be made.

aspects of international trade ( fair competition ) and market access through the regulatory environment (WTO, export control, licensing, allocations of frequencies and orbital slots within the ITU)

It is also necessary, of course, that insurance companies operate on a proper regulatory system.

With a view to ensuring that the legislative and regulatory framework for financial services reduces obstacles to cross border finance and safeguards a level playing field among market participants , the Eurosystem actively contributes to the development of the EU framework for financial services by advising on the main policy reflections and initiatives .

This nine month programme , involving the ECB and 17 national central banks of the ESCB and covering six fields of activity , will aim to enhance the regulatory and operational framework of the National Bank of Serbia towards the ESCB benchmark .

Associating national regulators does not necessarily mean creating a European regulator.

Associating national regulators does not necessarily mean the creation of a European regulator.

FINANCIAL REGULATION AND SUPERVISION On the assumption that private sector action may fail to prevent the emergence of financial imbalances , the EU regulatory and supervisory framework aims to promote the overall safety and soundness of financial institutions .

In this respect , the ECB would like to draw attention to the fact that operational risk is gaining increasing recognition in the regulatory framework , given its potentially damaging effects to an institution 's stability .

As the world wide standard setting body, the ILO has adopted a number of conventions being of relevance for global supply chains.

At a general level, the Commission focused in 2001 on the scope and method of Community action by reference to two documents its interim report to the Stockholm European Council on improving and simplifying the regulatory environment16 and its White Paper on European Governance17.

The main objective of the proposed directive is to update the regulatory framework for investment services in order to take into account the fundamental changes that have taken place in European financial markets in recent years .

The third article reviews the main developments and policy issues relating to the regulatory treatment of credit rating agencies . back to top

It contained 42 key legislative initiatives proposed by the European Commission to update existing EU rules in the light of market developments and to extend the level of EU regulatory harmonisation in line with the single market objective .