Die Neuordnung der Finanzmarktaufsicht

The article is focused on the discussion of measures which are appropriate to prevent a crisis of the kind we are experiencing at the moment. It assumes the necessity of a fundamental reorganization of the financial sector but refrains from getting lost in the almost unlimited details. In doing so, the author considers in particular an internationalization of financial supervision, a simplification of legal rules, and modification of rating practice as the key preventive measures.