The emergence of European Regulatory Agencies. How to reconcile their effectiveness and legitimacy concerns?
Promovendus: Mw. M.P.M. Rijsbergen
Promotores: Mw. Prof.Dr. L.A.J. Senden, Mw. Prof.Mr. A.T. Ottow
Duur: 1/8/2013 - 30/4/2017
The new European Supervisory Authorities confirm the otherwise still very embryonic development of European regulatory agencies. Because of the - soft - regulatory powers that have been assigned to them, concerns of both legitimacy and effectiveness present themselves. By making a detailed case study of one of these agencies the European Securities and Markets Authority (ESMA) - it is possible to analyse what changes in terms of institutional and good governance guarantees would be required with a view to ensuring compliance of regulatory procedures of European agencies, like those of ESMA, with both the principles of legitimacy and effectiveness.