Jacques de Larosière Report

The Jacques de Larosière Report, published in 2009, was a comprehensive review of the oversight and regulation of financial markets in the European Union. It recommended establishing a centralized European supervisor to oversee banks, ensuring better coordination, risk management, and stability across member states. The goal was to prevent financial crises by improving oversight, transparency, and cooperation among national regulators. The report played a significant role in shaping reforms that led to the creation of the European Systemic Risk Board and the European Banking Authority, aimed at strengthening the resilience of the European financial system.