Federal Deposit Insurance Corporation
FDIC
Banking
Review
2000
Volume 13, No. 1
EUROPEAN UNION oo Size and
Composition oo The Single Market in
Banking oo Setting the Stage oo Single
Market Legislative Framework oo
Approach to Cross Border Banking
oo Banking Directives oo Barriers and
the Second Banking Directive oo
Capital Ade uacy oo Effects of
Second Banking Directive and
Capital Standards oo Deposit Protec
tion oo Summary of Single Market
Initiatives in Banking oo The Single
Currency: Background, Conver
gence Criteria, and Central Bank oo
High Degree of Price Stability oo
Sustainable ,overnment Financial
Position oo Long Term Interest Rates
oo Participation in the Narrow Bands
of the ERM oo Implications for
Banking: Development of Money
and Capital Markets oo Assessments
of the Single Market Program in
Banking, Past and Future oo RE
CENT DEVELOPMENTS oo Regula
tory Agency Actions oo FDIC oo FRB oo
OCC oo OTS oo FHFB oo NCUA oo
European Union
Financial
Developments
Recent
Developments
Affecting
Depository
Institutions
FDIC
Banking
Review
2000
Volume 13, No. 1
EUROPEAN UNION oo Size and
Composition oo The Single Market in
Banking oo Setting the Stage oo Single
Market Legislative Framework oo
Approach to Cross Border Banking
oo Banking Directives oo Barriers and
the Second Banking Directive oo
Capital Ade uacy oo Effects of
Second Banking Directive and
Capital Standards oo Deposit Protec
tion oo Summary of Single Market
Initiatives in Banking oo The Single
Currency: Background, Conver
gence Criteria, and Central Bank oo
High Degree of Price Stability oo
Sustainable ,overnment Financial
Position oo Long Term Interest Rates
oo Participation in the Narrow Bands
of the ERM oo Implications for
Banking: Development of Money
and Capital Markets oo Assessments
of the Single Market Program in
Banking, Past and Future oo RE
CENT DEVELOPMENTS oo Regula
tory Agency Actions oo FDIC oo FRB oo
OCC oo OTS oo FHFB oo NCUA oo
European Union
Financial
Developments
Recent
Developments
Affecting
Depository
Institutions
Table of Contents
FDIC
Banking
Review
2000
Volume 13, No. 1
Chairman
Donna Tanoue
Division of Research
and Statistics,
Director
Wm. Roger Watson
Deputy Directors
Barry Kolatch
Steven A. Seelig
Editor
Steven A. Seelig
Editorial Committee
Jack T. Reidhill
Detta Voesar
Managing Editor
Detta Voesar
Editorial Secretary
Cathy Wright
Design and Production
Geri Bonebrake
The views expressed are
those of the authors and do
not necessarily reflect of fi
cial positions of the Federal
Deposit Insurance Corpora
tion. Articles may be
reprinted or abstracted if
the FDIC Banking Review
and author(s) are credited.
Please provide the FDIC’s
Division of Research and
Statistics with a copy of any
publications containing re
printed material.
Single-copy subscriptions
are available to the public
free of charge. Requests for
subscriptions, back issues
or address changes should
be mailed to: FDIC Banking
Review, Office of Corporate
Communications, Federal
Deposit Insurance Corpora
tion, 550 17th Street, N.W.,
Washington, DC 20429.
European Union Financial Developments:
The Single Market, the Single Currency, and Banking
by Neil B. Murphy Page 1
The author examines how the European Union is dealing with forces of
deregulation, globalization, financial innovation, and other changes.
Recent Developments Affecting Depository Institutions
by Lynne Montgomery Page 19
This regular feature of the FDIC Banking Review contains information on
regulatory agency actions, state legislation and regulation, and articles and
studies pertinent to banking and deposit insurance issues.
FDIC
Banking
Review
2000
Volume 13, No. 1
Chairman
Donna Tanoue
Division of Research
and Statistics,
Director
Wm. Roger Watson
Deputy Directors
Barry Kolatch
Steven A. Seelig
Editor
Steven A. Seelig
Editorial Committee
Jack T. Reidhill
Detta Voesar
Managing Editor
Detta Voesar
Editorial Secretary
Cathy Wright
Design and Production
Geri Bonebrake
The views expressed are
those of the authors and do
not necessarily reflect of fi
cial positions of the Federal
Deposit Insurance Corpora
tion. Articles may be
reprinted or abstracted if
the FDIC Banking Review
and author(s) are credited.
Please provide the FDIC’s
Division of Research and
Statistics with a copy of any
publications containing re
printed material.
Single-copy subscriptions
are available to the public
free of charge. Requests for
subscriptions, back issues
or address changes should
be mailed to: FDIC Banking
Review, Office of Corporate
Communications, Federal
Deposit Insurance Corpora
tion, 550 17th Street, N.W.,
Washington, DC 20429.
European Union Financial Developments:
The Single Market, the Single Currency, and Banking
by Neil B. Murphy Page 1
The author examines how the European Union is dealing with forces of
deregulation, globalization, financial innovation, and other changes.
Recent Developments Affecting Depository Institutions
by Lynne Montgomery Page 19
This regular feature of the FDIC Banking Review contains information on
regulatory agency actions, state legislation and regulation, and articles and
studies pertinent to banking and deposit insurance issues.