March 27, 2013 - Lecture

The European Banking Union – Does Centralization Facilitate the Effective Supervision of Transnational Financial Institutions?

Speaker: Tobias H. Tröger, University of Frankfurt, Fellow at the Center for Financial Studies (CFS)

Professor Troeger's paper describes and evaluates how competences in prudential supervision of cross-border banking groups are currently allocated among national and supranational authorities in the E.U. The appraisal adopts insights form 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 supervisory regimes and allocates competences in line with supervisors’ incentives and the risk inherent in cross-border banking groups.

Guest lecture organized by the McGill Institute of Comparative Law, with the support of the SSHRC Strategic Knowledge Cluster Canada–Europe Transatlantic Dialogue.

Free entrance.

11 A.M. to 12:30 P.M.

New Chancellor Day Hall
Room 202
3644, Peel str.
Montreal (Quebec) H3A 1W9

EUROPA, Gateway to the EU
© 2010 - European Union Center of Excellence
Université de Montréal - McGill University