The paper analyzes strategies of supranational administrative influence aiming to promote the compliance of national supervisory apparatus with the Union's policies on prudential supervision of credit institutions. It covers exclusively the SSM's Indirect Supervision regime which is perceived as...

The paper analyses how banks manage their capital position when they securitise, by focusing on the issuances sponsored by European banks before and after the financial crisis. Stylised facts suggest that, at the time of the crisis, European banks continued to issue structured products, but by...

This paper empirically examines whether better governance necessarily reduces financial distress for banks.We have studied 49 banks among the TOP 100 European banks during the period 2006 to 2013 and performed a panel probit regression analysis on the financial distress dummy as our dependent...

We analyze the link between banking sector quality and sovereign risk in the whole European Union over 1999–2014. We employ four different indicators of sovereign risk (including market- and opinion-based assessments), a rich set of theoretically and empirically motivated banking sector...

Are the grand theories of integration still relevant today and capable of describing integration in the European Union? Have the general principles of the grand theories lost their ability to accurately describe European integration? For policy makers and scholars that rely on theories, the...

As a consequence of Brexit, the European Banking Authority will have to leave London. This prospect raises a number of questions: where to go? There are plenty of candidates. What criteria for a relocation decision: efficiency would point to locate EBA close to the other parties involved in...

Originating from a networked committee of national supervisory authorities with limited decision-making powers, the European Securities and Markets Authority (ESMA) has become a prominent regulator in European financial sector governance since 2008. It is the single supervisor of credit rating...

Since the global financial crisis, lawmakers have proposed a tremendous amount of rules so as to contain the current crisis, as well as to prevent the next one. These rules aim to serve general welfare, but they also restrict the autonomy of bankers and their counterparties. This means an...

The aim of this paper is to provide an analysis of the power of the ECB to impose administrative penalties as a supervisory authority within the context of the ‘Single Supervisory Mechanism', which is a major building block of the European Banking Union. It is structured in three (3) sections....

The creation of the European Banking Union has substantially changed the supervisory infrastructure in the participating EU Member States. The underlying rationale is complex and, in part, contradictory. Against this backdrop, present paper critically reviews the policy debate both prior to and...