Resumen de Financial stability and legal integration in financial regulation
Financial stability has become a key concern in EU financial regulation. This article examines the regulatory reforms made pursuant to the objective of financial stability and shows that policy-makers in the European Union address financial stability concerns by relying heavily upon the hitherto cherished pursuit of legal integration. This article, however, argues that legal integration may not adequately address the needs of financial stability, and the concern for financial stability could facilitate diverging practices on the part of Member States, causing tension with the promotion of legal integration in EU financial regulation. This article advocates caution in pursuing increasing legal integration, and argues that a more nuanced approach is necessary to meet the legitimate and varied needs of financial stability.
