Madariaga Report - 12 April 2011
Does the EU financial regulation in the making actually break up the skewed triangle of low risk perception (in terms of systemic risk and moral hazard), excess profits, and extravagant bonuses which has led to an oversized and destabilising financial industry in Europe? In terms of effectiveness, does the EU do better in this regard than the US? Is the ECB task of supporting financial stability at odds with a demand from public opinion for lower interest rates to boost growth and jobs? Are the future provisions likely to integrate regulation and supervision to a degree that matches the integration of European capital markets?
A Citizen's Controversy with Sharon Bowles, Member of the European Parliament (ALDE), Chair of the Committee on Economic and Monetary Affairs, and Alexandre Lamfalussy, first President of the European Monetary Institute and former Director General of the Bank for International Settlements.
The debate was moderated by Pierre Defraigne, Executive Director of the Madariaga - College of Europe Foundation.