About This Book
This book deals with a a sector of activity that has been considered as an exemplary reference for the generation and application of global administrative law, which it is the banking and financial system as a whole. Professor Héctor Turuhpial, in this new and complete study, shows us the institutional architecture and the principles that govern it as "universal" rules, that is, of possible reception in any legal system, with specific reference to the EU regime and its incidence in the Venezuelan legal system.
It clearly explains how, in the EU, a Supervision, Prevention and Resolution System was designed and implemented, constituted in all its phases by supranational community authorities, while maintaining the national authorities in an active but subordinate supervisory role. The European System of Financial Supervision (ESFS) is a financial security network made up of three European Supervisory Authorities (ESAs); an institutional structure that is typical of global administrative law and in which each EU country has ceded part of its sovereignty to make global regulation possible.
In the same way, as Turuhpial teaches us, unique manuals of supervision, inspection, decisions have been created, which gives an idea of the universality of such rules. It also teaches that the Basic Principles for Effective Supervision, or simply, "The 29 Basic Principles of Basel", -BASEL III minimum standards for the correct and adequate preventive and effective supervision of banks and banking systems, constitute true and authentic global law insofar as they are applicable to practically all banking systems or regulations
