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Electronic commerce and the Single Market in financial services in Europe What chances for success

Electronic commerce and the Single Market in financial services in Europe What chances for success The Single Market in financial services investment funds, banking, insurance and investment services has had a long gestation and has been a mixed success. It is now faced with a new challenge, the adaptation of the Community regulatory framework to an electronic environment. This paper reviews progress in creating a Single Market in financial services, in particular the application of freedoms to provide services and of establishment and the principles of mutual recognition, home country control and the single licence. It also identifies issues in relation to electronic advertising, marketing and provision of financial services on a crossborder basis. The paper seeks to show that existing and proposed Community legislation provides a framework for future development of this new medium http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Regulation and Compliance Emerald Publishing

Electronic commerce and the Single Market in financial services in Europe What chances for success

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1358-1988
DOI
10.1108/eb024940
Publisher site
See Article on Publisher Site

Abstract

The Single Market in financial services investment funds, banking, insurance and investment services has had a long gestation and has been a mixed success. It is now faced with a new challenge, the adaptation of the Community regulatory framework to an electronic environment. This paper reviews progress in creating a Single Market in financial services, in particular the application of freedoms to provide services and of establishment and the principles of mutual recognition, home country control and the single licence. It also identifies issues in relation to electronic advertising, marketing and provision of financial services on a crossborder basis. The paper seeks to show that existing and proposed Community legislation provides a framework for future development of this new medium

Journal

Journal of Financial Regulation and ComplianceEmerald Publishing

Published: Apr 1, 1997

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