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Perspectives of Law and Public Administration ; 11(1):11-15, 2022.
Article in English | ProQuest Central | ID: covidwho-1870882


The beginning of this stage was marked by institutions that significantly influenced the banking activity: the Institute for International Finance, the Bank for International Settlements, the Cooke Committee and other supervisory groups, the Community Contact Group European Economic Community (Contact Group of the European Economic Community), joined by the International Monetary Fund (IMF), the World Bank, the Paris Club and the advisory committees of private banks. With regard to international financial cooperation, the idea was supported that cooperation in this field could be conceptualized as a product of power and purpose;in particular, the combination of power in the US (and to a lesser extent British) financial market with the common or convergent purpose of banking supervisors to provide greater financial stability to their home markets while addressing competitive concerns In all situations, a cooperation based on harmonization between the multitude of concepts and knowledge acquired indirectly increases, as stated, the probability of general stability in the international banking system6. In 1977, the EEC Council of Ministers adopted the First Banking Coordination Directive, which set out the minimum authorization criteria for credit institutions, the uniform calculation of prudential solvency and liquidity rates (initially for observational purposes only) and details of the Advisory Committee. banking role to support further coordination efforts. [...]in 2021, the European Commission will adopt a revision of EU banking rules (the Capital Requirements Regulation and the Capital Requirements Directive), which are important for banking reform, both for Europe's recovery from the COVID-19 pandemic and for the transition to climate neutrality.