Banking supervision and the politics of verification: the 2014 stress test in the European Banking Union

Violle, Alexandre

doi:10.1080/03085147.2017.1408216

Cited by 5 publications

(1 citation statement)

References 22 publications

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“…The European Central Bank (ECB) 1 has played the leading role in the latter cases. Previous efforts to understand the role of the ECB in European economies have focused on its governance technologies as a regulator of financial markets (Violle 2017) and on its strategic use of language and economic theory in order to perform monetary policy (Braun 2015;Holmes 2012). A less noticed but major line of ECB activity is precisely its engagement in initiating, negotiating, developing and implementing financial market infrastructure technologies on a European scale.…”

Section: Introductionmentioning

confidence: 99%

Between competition and centralization: the new infrastructures of European finance

Krarup

2019

Economy and Society

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Ongoing European financial market integration relies on the creation of harmonized and centralized market infrastructures: the little-known institutions and systems that settle financial transactions across borders. Since the constitutional conception of market integration within the EU entails creating 'a level playing field' for competition, a fundamental problem emerges of how to provide that centralization and harmonization without violating the core principles of an open market economy either through private monopolization or public privatization. The paper presents a sociotechnological study of a recent major infrastructure initiative by the European Central Bank, called Target2 Securities (T2S). Embedding the analysis of the struggles and debates around the birth and development of T2S in an analysis of the structural problem of competition and centralization in European financial market integration, the paper suggests an alternative perspective to that of performativity dominating the research field.

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Section: Introductionmentioning

confidence: 99%