Past Event! Note: this event has already taken place.
The European Banking Union
March 28, 2013 at 12:00 PM to 2:00 PM
Location: | University of Ottawa, Social Science Building, Room 4004 |
Cost: | Free |
The European Banking Union- Does Centralization Facilitate the Effective Supervision of Transnational Financial Institutions?
Professor Tobias H. Troeger will present his paper, which describes and evaluates how competences in prudential supervision of cross-border banking groups are currently allocated among national and supranational authorities in the European Union. The appraisal adopts insights from the economics of public administration and international relations. It argues that the supervisory architecture has to be more aligned with bureaucrats’ incentives and that inefficient requirements to cooperate and share information should be reduced. Contrary to a widespread perception, shifting responsibility to a supranational authority like the European Central Bank cannot solve all the problems identified. This paper sketches an alternative solution that dwells on far-reaching mutual recognition of national supervisors’ incentives and the risk inherent in cross-border banking groups.
Tobias H. Troeger, Ph.D (Tuebingen), LL.M (Harvard) is a Full Professor at the University of Frankfurt and a fellow at the Centre for Financial Studies (CFS). He specializes in law and finance, law and economics, and corporate law.
Please Note: This event will be taking place at the University of Ottawa, click here for more details.
This event is supported, in part, by a grant from the European Union. It is also supported by the University of Ottawa’s Centre for International Policy Studies, and the Canada-Europe Transatlantic Dialogue.