European Directives affecting banking and financial services law in the UK.

INTRODUCTION There be certain common underlie themes in European monetary services form _or_ body of government and law. These include investor, depositor and insuranceholder protection, prudential supervision of the phenomenon known as bancassurance or Allfinanz , common rules on saloon of money-laundering and protection of ain data. The role of the State in the training of fiscal services, in particular provision for old season and retirement, is as closely as an increasingly important policy and legislative area. For these reasons harmonization of the laws and policies relating to this area has been on the European agenda for many years. This assay will look at the tokenish harmonisation policy of the European Union in the areas of banking, insurance and investment services. In doing so I will look at the European Directives relevant to each of these three sectors and discuss the important elements of the harmonisation policy in each area. I will excessivel y look at other directives which are perhaps narrow not to any one of the areas mentioned above, but to the area of financial services in general. Before I do so however I will look at the stick out of nominal harmonisation and what it means in a European Union context. MINIMUM HARMONISATION nominal Harmonisation is a relatively recent legislative technique, used by the European Union with Directives being the main means of harmonisation of regulations. The European Economic participation (EEC) (Treaty of Rome) and the European Commission have a general preference for minimum harmonisation as unlike to total, partial, optional, horizontal and mutual recognition.

Minimum harmonisation refers to a exercise whereby still minimum rules innate for the functioning of the internal trade are harmonised. This minimum harmonisation can only be successful if the minimum requirements are acceptable to nigh of the member states. Minimum rules are set at Community level, but member states are... I cant believe this publisher was rated 70%!!!!!!!! The professor is a beneficial grouch n slouch. The quality and quantity of the worldly provided in this paper is quite resplendent. Informative and thorough to feel out the least. An excellent research tool. Excellent Job. If you want to get a panoptic essay, order it on our website: OrderCustomPaper.com

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