It would be commensurate to the European supervisory regime, and ensure that decisions that are taken at the supranational level affect depositors in all countries in the same way, thus ensuring a level playing-field: depositors would be treated in a uniform way across countries, independently of their location and the location of the bank they have entrusted their savings to.17 The scheme would thereby also foster financial integration.
•  The SEC has the mandate for preparing and enforcing the rules and regulations pertaining to the secondary market. These include regulation of the market intermediaries, market surveillance and transparency and reporting requirements and market conduct regulation; the latter includes trading rules and arrangements aimed at preventing improper trading practices such as market manipulation and insider trading practices.