Europe 2020 and the Financial System: Smaller is Beautiful

CEPS Policy Brief No. 211, June 2010

Intereconomics, Vol. 45, No. 3, May/June 2010

8 Pages Posted: 28 Jul 2010

See all articles by Karel Lannoo

Karel Lannoo

Centre for European Policy Studies, Brussels

Date Written: July 9, 2010

Abstract

Europe’s 2020 strategy calls for “smart, sustainable and inclusive growth,” but ironically, these qualities are just the opposite of what the financial sector has stood for in the EU, and how it continues to be perceived by the public. According to CEPS Chief Executive Karel Lannoo, the huge regulatory agenda that is on the table should be able to help tame the financial sector, but whether it will help it to meet the Europe 2020 objectives is an open question. His new Policy Brief analyses the impact of the financial crisis on the banking sector, beginning with an overview of the effect of the financial crisis on large banks and a review of the key regulatory reforms proposed by Europe 2020, discussing their impact on the structure and profitability of the banking sector.

Keywords: Finance, Bank, Financial Sector, Financial Crisis, Europe 2020, Banking Sector, Regulatory Reforms

Suggested Citation

Lannoo, Karel, Europe 2020 and the Financial System: Smaller is Beautiful (July 9, 2010). CEPS Policy Brief No. 211, June 2010, Intereconomics, Vol. 45, No. 3, May/June 2010, Available at SSRN: https://ssrn.com/abstract=1650059

Karel Lannoo (Contact Author)

Centre for European Policy Studies, Brussels ( email )

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