Naslov
Centralized Supervision in the Banking union: Institutional Framework and Governance

Autori
Božina Beroš, Marta

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
The EU Economic Environment Post-Crisis: Policies, Institutions, and Mechanisms

Urednik/ci
Benazić, Manuel ; Božina Beroš, Marta ; Gimigliano, Gabriella ; Novak, Aleš ; Učkar, Dean

Izdavač
Sveučilište Jurja Dobrile u Puli

Grad
Pula

Godina
2016

Raspon stranica
139-151

ISBN
978-953-7320-40-9

Ključne riječi
ECB, governance, SSM, supervision

Sažetak
Post-crisis regulatory reforms are transforming not only the mode of governance and institutional framework in the European Economic and Monetary Union, but also the policy capacity of major stakeholders. By policy capacity we mean the power to define the content and supervise the implementation of public policies in specific fields (Quaglia, 2008, 6). Arguably, the most significant group of EMU actors is that of central banks, while as for policy capacity, the area of prudential supervision is the one undergoing significant re-calibration, and thus worthy of scholarly attention. These developments are particularly prominent in the European Banking Union (EBU), where prudential supervision is being developed within the framework of the single rulebook and exercised as an exclusive competence of the European Central Bank and the Single Supervisory Mechanism (SSM). This paper examines EBU’s transformative effect on a specific policy area, that of prudential supervision. By engaging in a critical review of relevant literature and in a qualitative analysis of documents relevant to the creation of the SSM, we examine the interplay between the European and national level within its governance arrangements.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA