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- Title
Promoting a free market by ending the Single Market - reforming EU financial regulation.
- Authors
Booth, Philip; Morrison, Alan
- Abstract
The development of the Single Market in the EU - and the extension of its principles to the EEA - has led to dangerous trends in bank regulation as there is a 'disconnect' between regulation and deposit insurance systems. Although these problems do not exist in insurance markets to any great extent, Single Market regulation gives rise to other problems in that sector. In particular, it is restricting free trade both within and between countries. We propose a radical new model that would promote free trade without centralisation.
- Subjects
UNITED Kingdom; DEPOSIT insurance; BANKING policy; EUROPEAN Union; EUROPEAN Economic Area; FINANCIAL Services Authority (Great Britain)
- Publication
Economic Affairs, 2012, Vol 32, Issue 3, p24
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2012.02170.x