Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106977
Authors: 
Woll, Cornelia
Year of Publication: 
2014
Series/Report no.: 
SAFE Policy Letter 27
Abstract: 
One of the motivations for establishing a European banking union was the desire to break the ties with between national regulators and domestic financial institutions in order to prevent regulatory capture. However, supervisory authority over the financial sector at the national level can also have valuable public benefits. The aim of this policy letter is to detail these public benefits in order to counter discussions that focus only on conflicts of interest. It is informed by an analysis of how financial institutions interacted with policy-makers in the design of national bank rescue schemes in response to the banking crisis of 2008. Using this information, it discusses the possible benefits of close cooperation between financial institutions and regulators and analyzes these in the wake of a European banking union.
Subjects: 
public-private relations
capture
collective action
social relations
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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