الفهرس 
Financial stability and the establishment of single supervisory mechanism in the eurozone
AbstractOnly 14 pages are availabe for public view
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Abstract
Unjointed systems of national banking supervisory authorities are not capable enough to spot risks associated with globalized banking sector and lack quick response. This raised the need for multinational supervisor. Main aim of unified or semi-unified supervisory framework is financial stability. This is fulfilled through building strong regulatory system with international standardized rules and strong enforcement mechanisms. Single Supervisory Mechanism could improve financial stability by increasing the standards of supervision. However, it faces some challenges that could hinder effective, harmonized supervision. On the short run such inconsistencies need enforced close coordination. On the long run the overall financial sector in the European Union will become more identical and the integration among similar players will be easier.Thus contributing to more effective, harmonized supervision. Banking Supervision in the Central Bank of Egypt benefits from cooperation with other supervisory entities whether international or regional. This contributes to: updating rules, more capable trained regulators and supervisors, strong enforcement measures and thus promoting financial stability