European Union's Post Crisis Financial Regulatory System – A Brief Analysis of Existing Options

Given recent developments in terms of economic and financial evolution during recent years, the question concerning the architecture and the central pillars of a new financial regulatory system, is frequently raised inside the EU, by both academic, political and business environment. That is the case, mainly due to the limited efficiency of previously employed instruments, to an increase in instability of the financial side of the economy unless drastically controlled, but also due to the need for viable alternatives. The Euro Area established certain financial support mechanisms meant to bring back onto a floating level seriously damaged economies – bankrupt or affected by the foreign debt crisis, but preventing mechanisms have not yet been installed, and the transition towards a new stage of economic growth and expansion would further even more this possibility. This paper envisages to provide a brief assessment of such options – elements composing a solid financial regulatory system in Europe. Also, a brief analysis of the existing architecture is presented. The focal point is the Tobin tax alternative for the European Union, with an effects’ assessment from a multiple point of view – stability, prevention and revenue raising