scholarly journals Financial supervision in EU countries

2007 ◽  
Vol 5 (1) ◽  
pp. 432-439 ◽  
Author(s):  
Enrico Maria Cervellati ◽  
Eleonora Fioriti

Today there are about thirty authorities supervising national financial markets and institutions in the EU-15 countries. The member States have chosen different models for supervising their financial systems. We describe the three main theoretical supervisory models proposed in the literature: vertical, horizontal, centralised. In practice, however, it is difficult to find a pure application of these models, while the actual supervisory systems are the result of the different legal frameworks of the member States and of the way in which their financial systems developed. Moreover, although the Lamfalussy Report can be considered an important step towards a more integrated financial supervisory system at the European level, the supervisory arrangements are still very different among member States. This work provides an analysis of the different systems of financial supervision in Europe: showing how the differences that still exist among their systems make it more difficult to achieve a real European integration in financial supervision

Author(s):  
Natalia Popova

The concept of Europeanization has become quite fashionable in EU studies in recent years. It is often used for the analysis of the relations between the EU and non-member states. The aim of the article is to examine the possibilities of its application in explaining the relationship between the EU and Ukraine. The structure of the article is as follows: firstly, the concept of Europeanization is defined considering such two disputable issues as distinguishing among concepts of Europeanization and European integration as well as Europeanization and EU-ization. Next, the evolution of the theoretical research of Europeanization and definition of this concept are analyzed. Two main mechanisms of Europeanization (conditionality and socialization) are examined. The author considers main approaches to the analysis of the "external" Europeanization emphasizing the concept of "external governance". Three groups of factors which influence the effectiveness of Europeanization are briefly analyzed. And finally, the peculiarities of application of the Europeanization concept to the Ukraine-EU relations are outlined. Keywords: EU, Ukraine, Europeanization, EU-ization, ‘external’ Europeanization, conditionality, socialization, concept of ‘external governance’


2019 ◽  
Vol 16 (5) ◽  
pp. 557-591
Author(s):  
Andri Fannar Bergþórsson

In response to the global financial crisis, the European System of Financial Supervision (ESFS) was created in 2010. Supranational bodies were established for different financial sectors to act as supervisors of sorts for national-level supervisors in EU Member States. This article focuses on how the system was adapted to three EFTA States that are not part of the EU but form the internal market along with EU Member States through the EEA Agreement – Iceland, Norway and Lichtenstein (EEA EFTA States). The aim is to clarify how ESFS has been incorporated into the EEA agreement and to discuss whether this a workable solution for the EEA EFTA States that have not transferred their sovereignty by name in the same manner as the EU Member States. One issue is whether the adaptation has gone beyond the limits of the two-pillar structure, as all initiative and work stem from the EU supranational bodies and not the EFTA pillar.


2002 ◽  
Vol 26 (3) ◽  
pp. 39-60 ◽  
Author(s):  
Graham Taylor ◽  
Andy Mathers

This paper explores the logical and historical determinants of European integration and reflects on the potential and dangers this presents for labour movement renewal. Through the principle of ‘subsidiarity’ a regulatory gap has been established between political mobilisation at the national level and neo-liberal regulation at the European level. The historical determination of this form is traced through an exploration of the social struggles against neo-liberalism that have developed within member states and transnational mobilizations that bridge this regulatory gap by linking resistance across national boundaries.


2020 ◽  
Vol 9 (1) ◽  
pp. 406
Author(s):  
Sergiy Dubchak ◽  
Valentyna Goshovska ◽  
Volodymyr Goshovskyi ◽  
Oleksandr Svetlychny ◽  
Olena Gulac

The article is devoted to the analysis of legal regulation of the sphere of nuclear safety and security of Ukraine on the way to European integration. The authors drew attention to the importance of Ukraine achieving the necessary level of and nuclear sefaty and security adopted in the EU member states. The emphasis was placed on the fact that the prospects for fulfilling national obligations in the field of nuclear safety in accordance with European standards directly depend on solving the problems of ensuring the functioning of nuclear facilities, the physical protection of nuclear materials and installations as well as radioactive waste management. The main directions of ensuring the nuclear safety and secutiry in the world within the international law are considered. The role and activities of the International Atomic Energy Agency (IAEA) in setting up a regulatory framework for nuclear safety and security are analyzed. The international legal framework for nuclear safety and security was discused.The legislative basis for nuclear safety and secutiry in the EU IS characterized. The issue of legal norms unification in the field of nuclear safety regulation of EU member states was considered. The principles of legal regulation of nuclear a safety and security in Ukraine are characterized. Key words: nuclear safety, nuclear security, public administration of nuclear safety and security, legal regulation of nuclear safety and security, European integration, sustainable development in the field of ensuring nuclear safety and security. UDC 35:574:339.9:349.6        JEL Classification: K 23, K 32, K 33,  Q 5


2016 ◽  
Vol 60 (1) ◽  
pp. 93-102
Author(s):  
E. Dovbysh

Local authorities have to deal with a large part of practical work in promotion of the European integration project. Today, cities together with other actors are involved in the EU political process. This involvement leads to modification and enrichment of the European political space and increases the viability of supranational institutions. Cities extend the range of available channels for representation of citizens’ interests. Participation of cities in the decision-making improves the quality of these decisions and the legitimacy of supranational institutions, which is especially important in the context of the debate on the democratic deficit in the EU. Cities and other subnational actors can be active at the pan-European level and national levels. They use different "access points" at the European level, such as the Committee of the Regions, the European associations of cities, representations of local authorities in Brussels. The role of cities is especially evident in the Europe 2020, Cohesion Policy and the European Neighborhood Policy. European cities are involved in the elaboration of national reform programs. Cities and their associations can offer their assessments and visions of development to the Commission. Participating in the elaboration of national reform programs cities get a chance to influence the agenda of national development. This can indirectly affect the implementation of the Europe 2020 and dynamics of the European integration process as a whole. The participation of subnational actors – regions and municipalities – is important for realization of the Cohesion Policy objectives. Cities are particularly relevant for this policy, because they can become a ground for social conflicts and unrest. New tools, such as JESSICA and Integrated Territorial Investment, pay significant attention to local level politics in Europe. The European Neighborhood Policy has an important local dimension. There are such city-oriented programs as COMUS, The Covenant of Mayors, CIUDAD and projects of cross-border coordination. Examples show that cooperation between cities is successful, if it is based on the mutual interest in solving common problems. The Treaty of Lisbon has opened new opportunities to cities' participation. European institutions are now obliged to consult with the Committee of Regions on the issues that have a strong effect at the local and regional level. However, the involvement of cities into integration practices of the EU is still limited. This is due to both, the fundamental problem of the EU organizational design, and the lack of effective channels for representing urban interests at the European level.


Author(s):  
Katrin Voltmer ◽  
Christiane Eilders

This chapter investigates whether the assumption that the media contribute to the communication deficit of the EU is reflected in the empirical pattern of political coverage. In particular, it explores the extent to which German media take a Europeanized perspective on political affairs and whether or not they promote the politics of European integration. The study is based on a content analysis of the editorials of German national quality newspapers covering the period between 1994 and 1998. The findings show that the media under study devote only a very small portion of their attention to European issues, thus marginalizing Europe to an extent that is not warranted by the significance of the European level of governance. If the media do focus on European issues, they predominantly address them in terms of national politics, which is interpreted as a ‘domestication’ of Europe in public discourse. At the same time, the media unanimously support the idea of European integration. This pattern of communicating Europe reflects the élite consensus on European matters in Germany and may have contributed to the alienation of the general public from European politics.


Author(s):  
Sacha Garben

Title XII deals with EU competences in the fields of education, vocational training, youth, and sport. According to Article 6 TFEU, these four areas qualify among those where the EU has the power to ‘support, coordinate or supplement the actions of the Member States’, meaning that the EU’s role is limited to a secondary one and that harmonization of national laws and regulations is excluded. As we shall see, however, this has not prevented a significant amount of European integration taking place in these very areas that are often considered to belong to the core tasks of the nation state.


Author(s):  
Paul Taggart

The development of European integration has meant that member states have experienced Europeanization and as a consequence the EU has become a more politicized issue in domestic politics. Politicization has come over time and as a consequence of the decline of a permissive consensus and takes some very different forms. The chapter considers the place of the domestic politicization of European integration in theories of European integration and then reviews different periods of the history of European integration, highlighting the growing phenomena of Europeanization and politicization. The chapter then looks at Euroscepticism and its meaning and different forms and identifying which parties can currently be identified as Eurosceptic and what issues Euroscepticism blends with in different member states. The chapter then offers a typology for understanding the different ways in which the politicization of European integration plays out in the party systems of member states.


Author(s):  
R. Daniel Kelemen

Theories of federalism can provide a set of assumptions, concepts, and arguments that shed light on many aspects of European integration. Applying the federalism perspective opens up EU scholars to a range of relevant comparative cases that provide analytic leverage and insight on the EU. This perspective also enables EU scholars to draw on and contribute to a well-established literature in comparative politics, thus connecting their findings about the EU to broader academic debates. EU scholars have applied theories of federalism to help explain a wide range of questions about European integration, from general questions about why and how the EU came together as a political system to narrow questions about very specific policy areas, to the causes and consequences of the EU’s recent crises. This chapter discusses the main assumptions, concepts, and methodologies in federalism theories of the EU, and explores how this perspective can shed light on the eurozone crisis and the crisis of democratic backsliding among EU member states.


2017 ◽  
Vol 18 (4) ◽  
pp. 823-880 ◽  
Author(s):  
Michael Faure ◽  
Franziska Weber

Traditionally in the division of labor between the European level and the Member States it was, roughly, the European legislature that set the norms and the Member States that took care of enforcing these norms. In various policy areas, an implementation deficit has been observed, which is said to be partly due to the Member States facing difficulties with the choice of procedural options. For that reason, among others, the European legislature increasingly prescribes the enforcement approach to the Member States to back up national legislation that implements European law. This Article examines the incoherence of the EU's approach to law enforcement in the areas of consumer, competition, environmental, and insider trading laws. After setting out the EU's legal competences with a view to law enforcement, the rather diverse picture—mixes—of private, administrative, and criminal law enforcement in the four areas will be illustrated. The authors then ask the question of whether this divergence can be explained by an economic reasoning with respect to law enforcement. The analysis, however, identifies substantial differences between an ideal enforcement mix and the current enforcement approaches used in EU law. Moreover, it is suggested that the economic approach could be employed to provide more consistency to the use of enforcement tools in EU law.


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