| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 484.62 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Neste estudo pretendemos demonstrar a importância e o impacto do Sistema Financeiro no crescimento económico e no desenvolvimento da sociedade.
Analisamos a evolução do Sistema Financeiro e concluímos que o seu bom funcionamento depende, fundamentalmente, de uma Regulação e Supervisão eficientes das atividades financeiras. O resultado da crise iniciada em 2007, cujo impacto sistémico pôs em risco o sistema financeiro à escala global foi obrigar os Estados afetados a atuar, não só alterando a legislação vigente, mas reconsiderando as politicas económicas e financeiras para recuperar a estabilidade do Sistema Financeiro e evitar crises futuras.
A migração desta crise aparentemente de cariz só financeira para a economia real na Zona Euro levou à criação de novas Instituições com o objetivo de Regular e Supervisionar o Sistema Financeiro, em articulação com as autoridades de todos os Estados-Membros.
Em Portugal, foi apresentada uma Proposta de Reforma do Modelo de Supervisão Financeira, cujas principais inovações são a criação de Conselho de Supervisão e Estabilidade Financeira, que irá substituir o atual Conselho Nacional de Supervisores Financeiros, e separação dos poderes de Supervisão dos poderes de Resolução Bancária para evitar os conflitos de interesses a que assistimos, nomeadamente, no caso da Resolução do BES.
O resultado inequívoco da análise do Sistema Financeiro é que a supervisão dos três setores que o compõem deve ser integrada e articulada. Não duvidamos que face à crescente globalização e interpenetração das atividades bancária, seguradora e dos mercados regulamentados, é necessária uma monitorização simultânea e a permanente troca de informações para evitar os erros do passado.
This study intends to reveal the importance and impact of the Financial System on the economic growth and the society development. We analyze the Financial System evolution and we conclude that its proper functioning depends fundamentally on an efficient Regulation and Supervision of financial activities. The result of the 2007 crisis, whose systemic impact put the global financial system at risk, was force the affected States to act, not only changing the current legislation but also reconsidering their economic and financial politics in order to recover the stability of the Financial System and avoid future crises. The migration of this apparently only financial crisis to the real economy in the Eurozone has led to the creation of new Organizations to provide the Regulation and Supervision of the Financial System together with the authorities of all the Member States In Portugal it was presented the Proposal for the Reform of the Financial Supervision Model, whose main innovations are the creation of the Board of Financial Supervisory and Stability (CSEF), that will succeed the National Council of Financial Supervisors (CNSF), and the separation of the Supervision Authority from the Bank Resolution control to avoid the conflict of interests that we saw, namely, in the BES Resolution case. The unequivocal result of the Financial System analysis is that the supervision of the three sectors that comprise it must be integrated and articulated. We do not doubt that in the face of the increasing globalization and interpenetration of banking, insurance and regulated markets activities, it’s necessary to have simultaneous monitoring and the constant exchange of information to avoid the mistakes of the past.
This study intends to reveal the importance and impact of the Financial System on the economic growth and the society development. We analyze the Financial System evolution and we conclude that its proper functioning depends fundamentally on an efficient Regulation and Supervision of financial activities. The result of the 2007 crisis, whose systemic impact put the global financial system at risk, was force the affected States to act, not only changing the current legislation but also reconsidering their economic and financial politics in order to recover the stability of the Financial System and avoid future crises. The migration of this apparently only financial crisis to the real economy in the Eurozone has led to the creation of new Organizations to provide the Regulation and Supervision of the Financial System together with the authorities of all the Member States In Portugal it was presented the Proposal for the Reform of the Financial Supervision Model, whose main innovations are the creation of the Board of Financial Supervisory and Stability (CSEF), that will succeed the National Council of Financial Supervisors (CNSF), and the separation of the Supervision Authority from the Bank Resolution control to avoid the conflict of interests that we saw, namely, in the BES Resolution case. The unequivocal result of the Financial System analysis is that the supervision of the three sectors that comprise it must be integrated and articulated. We do not doubt that in the face of the increasing globalization and interpenetration of banking, insurance and regulated markets activities, it’s necessary to have simultaneous monitoring and the constant exchange of information to avoid the mistakes of the past.
Descrição
Palavras-chave
Sistema financeiro Atividade bancária Atividade seguradora Mercado de Valores Mobiliários Regulação Supervisão prudencial Supervisão comportamental Crise financeira Reforma Financial system Banking activity Insurance activity Securities market Regulation Prudential supervision Behavioral supervision Financial crisis Reform