European Directives affecting banking and financial services law in the UK.

INTRODUCTION There be certain common underlie themes in European monetary services form _or_ arrangement of government and law. These include investor, depositor and indemnityholder protection, prudential supervision of the phenomenon known as bancassurance or Allfinanz , common rules on saloon of money-laundering and protection of individualized data. The role of the State in the training of pecuniary services, in particular provision for old season and retirement, is as swell as an increasingly important policy and legislative area. For these reasons harmonization of the laws and policies relating to this area has been on the European agenda for many years. This get a line will look at the tokenish harmonization policy of the European Union in the areas of banking, insurance and investment services. In doing so I will look at the European Directives relevant to each of these three sectors and discuss the important elements of the harmonisation policy in eac h area. I will besides look at other directives which are perhaps specialised not to any one of the areas mentioned above, but to the area of financial services in general. Before I do so however I will look at the jut of lower limit harmonisation and what it means in a European Union context. MINIMUM HARMONISATION nominal Harmonisation is a relatively recent legislative technique, used by the European Union with Directives being the main means of harmonisation of regulations. The European Economic participation (EEC) (Treaty of Rome) and the European Commission have a general preference for minimum harmonisation as inappropriate to total, partial, optional, horizontal and mutual recognition. Minimum harmonisation refers to a attend whereby still minimum rules innate for the functioning of the internal grocery are harmonised. This minimum harmonisation can only be successful if the minimum requirements are acceptable to nigh of the member states. Minimum rules ar e set at Community level, but member states ! are... I cant believe this reputation was rated 70%!!!!!!!! The professor is a terrible grouch n slouch. The quality and quantity of the worldly provided in this paper is quite delicate. Informative and thorough to feel out the least. An excellent research tool. Excellent Job. If you want to get a plenteous essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper