Publications

Authors:

Ortino, Matteo

Title:

The Case for Truly Independent EU Regulatory Authorities in the Field of Financial Regulation

Year:

2018

Type of item:

Articolo in Rivista

Tipologia ANVUR:

Articolo su rivista

Language:

Inglese

Format:

A Stampa

Referee:

Sì

Name of journal:

EUROPEAN BUSINESS LAW REVIEW

ISSN of journal:

0959-6941

N° Volume:

29

Number or Folder:

3

Page numbers:

465-496

Keyword:

European Supervisory Authorities, EU financial regualation and supervision, independent agencies

Short description of contents:

In the wake of the financial crisis, the European Union established the European System of Financial Supervision (ESFS), a ‘hub and spoke’ network of national and Union supervisory authorities, aimed at ensuring a stable and single Union financial market for financial services by linking national supervisors within a strong Union network. The ESFS is composed of three European Supervisory Authorities, as well as a Joint Committee of the European Supervisory Authorities and an European Sys- temic Risk Board. This article makes two arguments. The first is that the European Supervisory Authorities should be reformed. In order to work more effectively they should possess final regulatory and supervisory powers and, more generally, a higher degree of independence. The second claim is that EU Treaties allow such reforms, provided that they meet the constitutional requirements concerning the delegation of power as clarified in the case-law of the Court of Justice of the European Union.

Product ID:

103335

Handle IRIS:

11562/980630

Last Modified:

October 19, 2022

Bibliographic citation:

Ortino, Matteo, The Case for Truly Independent EU Regulatory Authorities in the Field of Financial Regulation «EUROPEAN BUSINESS LAW REVIEW» , vol. 29 , n. 3 , 2018 , pp. 465-496

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