Sunday, 5 November 2017

DG FISMA published a report on national responses to the financial crisis

Our readers may be interested in the recently published report by DG Financial Stability, Financial Services and Capital Markets Union (FISMA) titled: Coping with the international financial crisis at the national level in a European context Impact and financial sector policy responses in 2008 – 2015

The comprehensive report is about national responses to the financial crisis. It focuses on those Member States that encountered the most reforms following the crisis: Hungary, Latvia, Romania, Greece, Ireland, Portugal, Spain, and Cyprus. The further  twelve Member States at least once received a country specific recommendation for their financial sector: Belgium, Bulgaria, Denmark, Germany, Croatia, Italy, Malta, the Netherlands, Austria, Slovenia, Sweden and the United Kingdom. The rest of the Member States, Czech Republic, Estonia, France, Lithuania, Luxembourg, Poland, Slovakia, and Finland are outside the scope of the report, and are only used for comparative purposes.

Although the report primarily tackles the macro aspects of the post-crisis changes, it provides valuable insights into the reforms designed to protect consumers such as measures responding to foreign currency lending in affected Member States, and national initiatives in reforming personal insolvency laws. It is therefore an interesting read for everyone interested in EU financial consumer protection and financial consumer law.

1 comment:

  1. Analysts Predict: Your Financial Savings Will Be Gone In 12 Months

    BREAKING NEWS: Analyst predicts the fall of the US Dollar within 12 months

    Let’s face it.

    The US is no longer the power house and it once was.

    We already have more problems than we can handle across the border.

    Not to mention the unemployment rates rising.

    Now all these things are NOTHING to what’s going to come next.

    You see the US Dollar itself is going to collapse.

    >>[Watch This Video To Learn More]<<

    The downtrend has been clear since 1973.

    Now we’re on the verge of total financial meltdown.

    And the worst thing is…

    We cannot stop or avoid it this time.

    >>[Watch This Video To Learn More]<<

    Make sure you watch that video before it’s taken down by the government.

    This is serious stuff and you need to share it with your friends and family if you truly care about their safety.

    Speak soon.

    [Mr Mark Fidelman]