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Theorising the Legitimacy of EU Regulatory Agencies
The Treaties neither regulate the competencies nor do they set out a special procedure for the establishment of the EU regulatory agencies. Their growing autonomy and expanding powers in specific sectors of the EU internal market demand a justification. The book offers a comprehensive theoretical approach to the legitimacy of these bodies.
Cyberpandemia
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Boards of Appeal of EU Agencies
While the EU agencies that have been granted the power to adopt binding decisions are a diverse group, they at least share one feature: in all of them an organisationally separate administrative review body, i.e. a board of appeal, has been established. The review procedures before these boards must be exhausted before private parties can seize the EU courts and the boards therefore all fulfil a similar function: filtering cases before they end up before the courts and providing parties by expert-driven review. Sharing this common function as well as some common features, the boards of appeal of the different agencies remain heterogenous in their set up and functioning. This raises a host of...
The Actors of Postnational Rule-Making
Despite its centrality to academic discussions of power and influence, there is little consensus in legal scholarship over what constitutes an actor in rule-making. This book explores the range of actors involved in rule-making within European Union law and Public International law, and focuses especially on actors that are often overlooked by formative and doctrinal approaches. Drawing together contributions from many scholars in various fields the book examines such issues as the accommodation of new actors in the process of postnational rule-making, the visibility or covertness of actors within the process, and the role of social acceptance and legitimacy in postnational rule-making. In its endeavour to render and examine the work and effect of actors often side-lined in the study of postnational rule-making, this book will be of great use and interest to students and scholars of EU law, international law and socio-legal studies.
Comparative Administrative Law
A comprehensive overview of the field of comparative administrative law that builds on the first edition with many new and revised chapters, additional topics and extended geographical coverage. This Research Handbook’s broad, multi-method approach combines history and social science with more strictly legal analyses. This new edition demonstrates the growth and dynamism of recent efforts – spearheaded by the first edition – to stimulate comparative research in administrative law and public law more generally, reaching across different countries and scholarly disciplines.
Die Reform der Bankenaufsicht in der Europäischen Union
English summary: As an answer to the financial crisis of 2008/2009, the European Union established the European System of Financial Supervision (ESFS) starting on 1 January 2011. Resulting from this development, the nationally fragmented financial supervision gained a European dimension. Natalia Kohtamaki analyzes the new institutional structure and discusses the legal questions which have arisen due to the reform. German description: Die Einfuhrung der neuen institutionellen Struktur der europaischen Aufsichtsbehorden gehort zu den bedeutendsten Reformen der Europaischen Union nach der Finanzkrise von 2008/2009. Zum 1. Januar 2011 entstanden drei EU-Aufsichtsagenturen, die fur die mikroprud...
Macroprudential Banking Supervision & Monetary Policy
The European experience suggests that the efforts made to achieve an efficient trade-off between monetary policy and prudential supervision ultimately failed. The severity of the global crisis have pushed central banks to explore innovative tools—within or beyond their statutory constraints—capable of restoring the smooth functioning of the financial cycle, including setting macroprudential policy instruments in the regulatory toolkit. But macroprudential and monetary policies, by sharing multiple transmission channels, may interact—and conflict—with each other. Such conflicts may represent not only an economic challenge in the pursuit of price and financial stability, but also a legal uncertainty characterizing the regulatory developments of the EU macroprudential and monetary frameworks. In analyzing the “legal interaction” between the two frameworks in the EU, this book seeks to provide evidence of the inconsistencies associated with the structural separation of macroprudential and monetary frameworks, shedding light upon the legal instruments that could reconcile any potential policy inconsistency.
EU Agencies
Over the last two decades, EU legislation has established a growing number of subsidiary bodies commonly referred to as EU decentralised agencies. Recent years have witnessed the conferral of increasingly significant powers to these bodies to the point where the successful implementation of many of the EU's policies is now dependent upon the activities of EU agencies. While EU agencies have become indispensable in terms of their practical importance, the lack of a legal basis in the EU Treaties to establish and empower new bodies as well as the lack of an adequate framework in secondary law means that there exists little control over EU agencies. This results in critical issues, such as the ...
