The European participation in International Economic Fora post-financial crisis: between fragmentation, multilevel governance and standardisation

The European participation in International Economic Fora post-financial crisis: between fragmentation, multilevel governance and standardisation

Diane Fromage
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SÉMINAIRE DE L’ÉCOLE DE DROIT

Diane Fromage will speak on (by ZoomThe European participation in International Economic Fora post-financial crisis: between fragmentation, multilevel governance and standardisation.

With the economic and financial crisis of the late 2000s, the importance of (reinforced) international cooperation in financial matters became more evident. Fora such as the Bank for International Settlements and its Basel Committee on Banking Supervision, or the Financial Stability Board, have since been playing an increasingly important role. This is illustrated, for instance, by the fact that the instruments of soft law adopted by the Basel Committee have profoundly contributed to shape the legislation adopted within the European Union (EU) in the area of banking supervision, despite their non-legally-binding character. In parallel to these developments, the EU governance in banking-related matters underwent profound changes visible inter alia in the creation of a number of independent agencies, and in new competences in banking supervision being attributed to the European Central Bank (whose role had thus far been limited to the conduct of the EU's monetary policy). These are all but a few illustrations of three interconnected trends visible in this and other policy areas in recent years: growing institutional fragmentation; ever-complex multilevel governance structures; and growing influence of soft law. 

In this presentation, I will show how these trends materialise, and how the specific features of the EU as a project of supranational integration complicates the existing cooperation framework even further. This inquiry will allow me to uncover potential accountability gaps. 

Diane Fromage has been a Marie Skłodowska-Curie Individual Fellow at the Law School of Sciences Po Paris since September 2020. Her research project (IMPACTEBU) focuses on the impact of the creation of the Banking Union on the institutional structures of the European Union and its Member States, and on accountability standards. 

Diane was previously an Assistant Professor of European Law at Maastricht University and at Utrecht University, and a Max Weber Postdoctoral Fellow in Law at the European University Institute of Florence, Italy . She obtained her PhD in 2013 from the Universities of Pavia (Italy) and Pompeu Fabra (Barcelona, Spain). Her main areas of research include: the European Central Bank and the Banking Union; the European Parliament, and national and regional parliaments within the EU, as well as on independent fiscal institutions.

Please note that participation in this conference is by invitation only.

Date de l'événement : 
Jeudi, 15 Octobre, 2020 - 12:45 - 14:15
Lieu : 
Online
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