Abstract
The purpose of supervision of the whole fnancial market is to ensure the proper functioning of the market, its stability, security, and transparency, as well as to ensure confidence in the fnancial market the protection of the interests of participants. This is achieved through implementation of the rule of law, in particular concerning banking supervision, insurance and pension supervision, supervision of the capital market, and supplementary supervision laws of credit institutions as well as insurance and investment companies which are parts of fnancial conglomerates. The European Union does not impose any particular form of organizational supervision over national legislatures. Despite this, in many member countries, including the UK, Germany and Poland, the integrated supervisors for banks, insurance companies and capital market do operate.
The article analyses the process of introducing integrated fnancial market supervision in the UK, Germany and Poland with an aim to compare their effectiveness.