Regulating Banks in Central and Eastern Europe

Abstract

The series maps the range of disciplines addressing the study of European public administration. In particular, contributions to the series will engage with the role and nature of the evolving bureaucratic processes of the European Union, including the study of the EU's civil service, of organization aspects of individual institutions such as the European Commission, the Council of Ministers, the External Action Service, the European Parliament, the European Court and the European Central Bank and of inter-institutional relations among these and other actors. The series also welcomes contributions on the growing role of EU agencies, networks of technical experts and national officials, and of the administrative dimension of multilevel governance including international organizations. Of particular interest in this respect will be the emergence of a European diplomatic service and the management of the EU's expanding commercial, foreign, development, security and defence policies, as well as the role of institutions in a range of other policy areas of the Union.Beyond this strong focus of EU administrative governance, the series will also include texts on the development and practice of administrative governance within European states. This may include contributions to the administrative history of Europe, which is not just about rules and regulations governing bureaucracies, or about formal criteria for measuring the growth of bureaucracies, but rather about the concrete workings of public administration, both in its executive functions as in its involvement in policy-making. Furthermore the series will include studies on the interaction between the national and European level, with particular attention for the impact of the EU on domestic administrative systems.

French DNCG management control versus UEFA Financial Fair Play: a divergent conception of financial regulation objectives

“…23 Given the specific aim of this contribution, the approach adopted is to focus on the extent to which there is convergence or divergence of regulatory systems. This has already been considered in other sectors such as banking sector 24 and the securities markets 25 . For the former, for example, Spendzharova examines the implications of the supervisory approaches developed in Central and Eastern Europe over the past 15 years in respect of redesigning the regulatory framework in the EU.…”

Fit for Purpose or Drowning in Details? Institutional Evolution of the European Financial Sector Supervisory Authorities a Decade After the Global Financial Crisis

“…The de Larosière reforms empowered the ESAs to issue decisions with binding power. While member states in favour of greater centralisation and harmonisation of financial regulation as well as the European Commission and Parliament welcomed the enhancement of the ESAs' powers, other member states voiced concerns about possible loss of national regulatory autonomy and potential fiscal burdens (Buckley and Howarth 2010;Mügge 2011;Spendzharova 2012Spendzharova , 2014Spendzharova and Bayram 2016). These tensions become clear when we consider the case of ESMA discussed below.…”

Good and bad banking on Europe’s periphery: pathways to catching up and falling behind

“…Thus, the institutional set-up boded well for rigorous and independent bank oversight. But while it effectively supervised foreign banks (see especially Spendzharova 2014), political connections meant that domestic Bulgarian banks were apparently given a free ride and were able to grow as a consequence.…”