ABSTRACT
The set of institutional reforms introduced in the European Union (EU) in order to decrease differences in financial rules and supervisory practices, with the goal of rulebook and supervisory handbook that would be the necessary conditions for the effective attainment of the single European financial market. The first section analyse the main features of the G20 approach to financial reforms, which constitute the basis of its mandate to the Financial Stability Board (FSB). Next, the difficulty encountered in giving substance to the G20's general principles is a necessary premise for the analysis. The work done by the FSB and several international standard setters, the Basel Committee on Banking Supervision (BCBS) in particular, up to the recent Brisbane G20 Summit. Finally, the wide range of reforms adopted and proposed by the EU for the banking sector, including those related to the new institutional setup.
