Financial regulatory architecture In the light of the crisis over the past two years, there is recognition that the architecture of financial regulation and supervision, both here and internationally, needs broad-ranging review and reform Within the European Union(EU), the European Commission’s High-Level Group on CrossBorder Financial Supervision, chaired by Jacques de Larosière, has completed an urgent review of financial supervision in the European Union and reported its findings two weeks ago.
At the same time, the money supply is showing no signs of cash hoarding by individuals or banks. 2 But should we feel obliged to cut interest rates even more, just because the absolute lower limit has not been reached? I don’t think so.