What Political Science Can Tell Us about the Banking Union

Date and time
4 Nov 2015 5:00pm - 6:30pm
Europa Research Group
50 George Square (Room G.02)

The Edinburgh Europa Research Group is pleased to invite you to its upcoming event:

What Political Science Can Tell Us About the Design and Operation of Banking Union
Principal-Agent Theory and the Single Supervisory Mechanism

Prof David Howarth
Professor of Political Economy
The University of Luxembourg

Wednesday 4 November 2015
5pm to 6.30pm

50 George Square
Room G.02

Principal-Agent theory has rarely been applied to analyse the relationship between two non-majoritarian institutions. This presentation explains how an application of Principal-Agent theory sheds light on the design and likely operation of the Single Supervisory Mechanism (SSM) and, specifically, relations between the European Central Bank (ECB) and National Competent Authorities (NCAs). The SSM has strong centrifugal forces, especially with regard to the supervision of smaller banks, despite the agreement of a single supervisory manual to be used by all NCAs. The ECB Principal has thus been assigned control mechanisms to prevent NCA Agent slippage.

Anthony Salamone | Chair
Europa Research Group Co-Convenor
PhD Candidate in Politics
The University of Edinburgh

This event is free and non-ticketed
All are welcome

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