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<BiographicalNote textformat="02" language="fre">&#60;p&#62;&#60;!--StartFragment--&#62;Luca Tomini est chercheur qualifié FNRS au Centre d'étude de la vie politique (Cévipol) de l'Université libre de Bruxelles (ULB). Il travaille sur les processus de démocratisation et changements de régime. Il s'intéresse également aux méthodes qualitatives de recherche en sciences sociales.&#60;!--EndFragment--&#62;&#60;/p&#62;</BiographicalNote> 
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<Text textformat="02" language="eng">&#60;p&#62;What are the objectives of prudential control ? Does the new situation deriving from the Single Market directives and the perspective of the Monetary Union require to supplement and co-ordinate the existing system of supervision - a "patchwork of tradition" - in the Member States ? What are the possible orientations to recommend ? &#60;br&#62;&#60;br&#62;In this book &#8211; which includes in a second part reports on the organization of prudential control in each of the twelve Member States, before the widening of the Union, and a report on the United States &#8211; the authors explain why they consider that the application of the primary responsibility for solvency questions of the authorities of the Home Country of the institutions, completed by a network of (bilateral) co-operation between authorities, is not possibly able to guarantee the systemic stability which is the main target of supervision, the risks being increased by the expansion of activities at continental dimensions. They believe that some measure of centralization is needed, and therefore compatible with the principle of subsidiarity. This centralization is requested as far as legislation and regulation are concerned but direct responsibilities for the control of larger banks can also be placed in the hands of a central authority. The Maastricht Treaty gives some limited powers and provides for a possible transfer of competences to the European Central Bank. However, the report which states the arguments in favor and against concentration of prudential supervision in the hands of a central bank does not exclude the possibility of creating a specialized authority which could have a larger horizontal competence (conglomerates, securities, insurances) than a central bank. It would be useful to introduce in the treaty at the Intergovernmental Conference of 1996, an enabling clause which would provide for the possible creation of such a specialized authority which should work hand in hand with the European Central Bank.</Text>
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<Text language="eng">How has prudential supervision to be conceived and organized for an emerging single financial market ? This is the concern of the present book which consists in a report prepared by an international group of experts chaired by Professor Jean-Victor Louis and working in the framework of the ECU Institute, based in Lyon.</Text>
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<Text language="eng">The 'European Studies' collection publishes legal and political science works on major themes relating to European integration.</Text>
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<Text language="fre">La collection « Études européennes » publie des ouvrages juridiques et de sciences politiques sur les grands thèmes de la construction européenne.</Text>
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<Text language="eng">&#60;p&#62;Created and directed from 1968 to 1999 by Jean-Victor Louis, the collection was long directed by Marianne Dony and François Foret; it is now directed by Chloé Brière and François Foret.&#60;/p&#62;  &#60;p&#62;The works published in the collection are characterised both by their critical view of current issues in European integration and by their methodological and disciplinary rigour: from constitutional law for Europe to the European criminal justice area, from comparative politics to international relations, from the history of political ideas to the analysis of the evolution of the EU's institutional system. The collection is accessible both to professionals working in the field of European integration and to those who wish to learn more about European issues.&#60;/p&#62;</Text>
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<Text language="fre">&#60;p&#62;Créée et dirigée de 1968 à 1999 par Jean-Victor Louis, la collection a longtemps été dirigée par Marianne Dony et François Foret ; elle est aujourd'hui dirigée par ChloéBrière et François Foret.&#60;/p&#62;  &#60;p&#62;Les ouvrages publiés dans la collection se caractérisent à la fois par leur vision critique des enjeux actuels de la construction européenne et par leur rigueur méthodologique et disciplinaire : du droit constitutionnel pour l&#8217;Europe à l&#8217;Espace judiciaire pénal européen, de la politique comparée aux relations internationales, de l&#8217;histoire des idées politiques à l&#8217;analyse de l&#8217;évolution du système institutionnel de l&#8217;UE. Il s&#8217;agit d&#8217;une collection accessible tant à un public de professionnels de l&#8217;intégration européenne qu&#8217;aux personnes désireuses de s&#8217;informer et de s&#8217;instruire sur ces matières européennes.&#60;!--EndFragment--&#62;&#60;/p&#62;</Text>
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