The Creation of a European Banking System

Contents: The book proposes a plan for the creation by stages of a European Banking System that would allow both all financial institutions to compete freely under the same set of regulations and a European Central Bank to be in charge of monetary policy as well as the coordination of financial supervision.

Mr. Cordero looks far into the future of European integration. Extrapolating from what is developing at present, he creates a model for banking regulation of the United States of Europe - a lawyer's dream, or, who knows, his prophecy. (Dr. Peter Troberg, Head of the Special Financial Questions Division, Commission of the European Communities Directorate-General for Financial Institutions) Based on substantial research the closely-reasoned argument makes an impressive case. (Banking World) This well-researched book represents a significant contribution to the most hotly debated project in the European Community: monetary and financial integration. (EFMA's Newsletter) The subject of this carefully researched book could hardly be more timely: even after the Second Banking Directive, financial and monetary integration in the European Community remain hotly debated issues. It is to the author's credit that he provides a legal scheme for further discussion on how to bring about a truly European banking system. ... It should be hoped that those who sit at the negotiation table of the current intergovernmental conference on European Monetary Union, read it carefully. (J. Wouters, Harvard International Law Journal) Dr. Cordero wades through the extensive material, and with sensitivity to political reality charts a course through the murky status of EC banking law. (...) It should be read (...) by everyone interested in or connected with the field, as it presents new ideas from an obvious expert in the field, derived from an enormous wealth of information... (Richard D. Simonds Jr., New York University Journal of International Law and Politics)

"Mr. Cordero looks far into the future of European integration. Extrapolating from what is developing at present, he creates a model for banking regulation of the United States of Europe - a lawyer's dream, or, who knows, his prophecy." (Dr. Peter Troberg, Head of the Special Financial Questions Division, Commission of the European Communities Directorate-General for Financial Institutions)
"Based on substantial research the closely-reasoned argument makes an impressive case." (Banking World)
"This well-researched book represents a significant contribution to the most hotly debated project in the European Community: monetary and financial integration." (EFMA's Newsletter)
"The subject of this carefully researched book could hardly be more timely: even after the Second Banking Directive, financial and monetary integration in the European Community remain hotly debated issues. It is to the author's credit that he provides a legal scheme for further discussion on how to bring about a truly European banking system. ... It should be hoped that those who sit at the negotiation table of the current intergovernmental conference on European Monetary Union, read it carefully." (J. Wouters, Harvard International Law Journal)
"Dr. Cordero wades through the extensive material, and with sensitivity to political reality charts a course through the murky status of EC banking law. (...) It should be read (...) by everyone interested in or connected with the field, as it presents new ideas from an obvious expert in the field, derived from an enormous wealth of information..." (Richard D. Simonds Jr., New York University Journal of International Law and Politics)