The Administrative Architecture of Financial Integration
Institutional Design, Legal Issues, Perspectives

In order to react to the multidimensional crisis exploded in 2008, the European actors have adopted a number of measures aimed at enhancing financial integration in the EU. Considered as a whole, the various measures have given rise to a framework characterized by several elements. First, financial integration is to be realized through the establishment of a new EU regulatory framework. Second, regulation is accompanied by strengthened financial supervision in the EU, carried out by transnational administrative networks functionally dominated by the new European Supervisory Authorities. Third, within the Eurozone only, both bank supervision and bank resolution have been centralized. Fourth, financial integration has been designed in such a way to include financial stability. This book aims at bringing together the various components of the new framework in order to reflect on their connections and interactions. It explores the administrative arrangements through which the functions of regulation, supervision and resolution are carried out. It discusses the rationale of the overall construction. It points to its inconsistencies, overlappings and conflicts, with the distinction between non-Euro and Euro-countries operating as a fundamental source of tension.

(LL.M. University College London, Ph.D., European University Institute) is Professor of Administrative Law at the University of La Tuscia, Italy. His principal research interests cover administrative law beyond the State, both EU and global, as well as comparative administrative law.

(Ph.D., University of Bologna) is Professor of Administrative Law at the University of La Tuscia, Italy. His main research interests include European administrative law, regulation of financial markets, local government, administrative procedures.

Leggi il libro Indice del Volume
Editore: Il Mulino

Pubblicazione online: 2016
Isbn edizione digitale: 9788815326690
DOI: 10.978.8815/326690

Pubblicazione a stampa: 2015
Isbn edizione a stampa: 9788815259240
Collana: Percorsi
Pagine: 296

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