Munich Personal RePEc Archive

New Instruments In Corporate Governance Of EU Bank Groups

Nedelchev, Miroslav (2013): New Instruments In Corporate Governance Of EU Bank Groups. Published in: 4th International Scientific Conference: The aftercrisis financial marasmus in Europe and Bulgaria. UNSS, Ravda (2013): pp. 73-77.

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Abstract

The corporate governance practices of EU bank group were based on the principle of self-regulation. The negative effects of adoptation of the principle were on stakeholders account – deposit insurance funds, government loans, depositors, and taxpayers. The international financial crisis gives reasons for new institutional framework. The taken measures on pan-European level defined new role for traditional actors in which key actors are shareholders and regulators. The new instruments in modern corporate governance are decrease of corporate structure complexity and isolation of different services in separate entities.

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