Translation of "Financial Market Structure and Dynamics " (English → French) :

Non-discriminatory access in order to protect the functioning of the Single Market by making sure that eligibility for a support scheme is not based on nationality State commitments to be limited in time in such a way that it is ensured that support can be provided as long as it is necessary to cope with the current turmoil in financial markets but will be reviewed and adjusted or terminated as soon as improved market conditions so permit State support to be clearly defined and limited in scope to what is necessary to address the ac ...[+++]ute crisis in financial markets while excluding unjustified benefits for shareholders of financial institutions at the taxpayer's expense An appropriate contribution of the private sector by way of an adequate remuneration for the introduction of general support schemes (such as a guarantee scheme) and the coverage by the private sector of at least a significant part of the cost of assistance granted Sufficient behavioural rules for beneficiaries that prevent an abuse of state support, like for example expansion and aggressive market strategies on the back of a state guarantee An appropriate follow-up by structural adjustment measures for the financial sector as a whole and/or by restructuring individual financial institutions that had to rely on state intervention.

However, the Commission’s market investigation established that the transaction would not significantly affect the market structure and dynamics for these products.

16. Notes that European financial markets are very dynamic and that notably the concentration of European stock exchanges and further consolidation of major European banks and financial conglomerates require a European response that provides adequate, efficient and coordinated supervision; warns that problems could arise for the efficient operation of the market in financial instruments if such coordinated supervision were lacking; notes again, in that connection, the challenge of establishing an integrated European supervision system that reflects the need for each and every Member State to be ...[+++] able to assume its responsibility, in accordance with the principle of mutual recognition, for safeguarding the interests of their companies and citizens wherever they are based;

17. Notes that European financial markets are very dynamic and that notably the concentration of European stock exchanges and further consolidation of major European banks and financial conglomerates require a European response that provides adequate, efficient and coordinated supervision; warns that problems could arise for the efficient operation of the market in financial instruments if such coordinated supervision were lacking; notes again, in that connection, the challenge of establishing an integrated European supervision system that reflects the need for each and every Member State to be ...[+++] able to assume its responsibility, in accordance with the principle of mutual recognition, for safeguarding the interests of their companies and citizens wherever they are based

For instance, regulating our securities markets is one area where we think the realities of financial markets globally mean that it makes a lot more sense to regulate financial markets on a national basis even though the jurisdiction is provincial (1040) We've talked about ways the provinces can maintain their jurisdictional authority by delegating that authority not giving it up, not surrendering it, but delegating it voluntarily to a national body with a governmental structure ...[+++] that they would determine.

My research and publications have focused on issues directly related to monetary policy, the structure of financial markets and the dynamics of inflation and employment.