The Commission’s report on the Fiscal Compact and its expected (cautious) assessment

Last February, the European Commission issued its report on the Member States’ compliance with their implementation duties under the Fiscal Compact. Following a rather generous and prudent assessment, the Commission considers that all States have fulfilled their obligations. The “Fiscal Compact – Taking Stock” Report – Better Late than Never On 22 February 2017, the…

Regulatory cascading in the aftermath of crisis: reforming EU bank structures

In the aftermath of the 2008 global financial crisis, European Union (EU) policy-makers engaged in protracted negotiations to centralise authority in banking supervision and harmonise regulatory practices across the member states. They conferred greater monitoring and rule-making powers to the three European financial sector supervisory authorities (ESAs), adopted stricter capital adequacy requirements in line with…

Better Regulation: the Scrutiny of EU Policies (workshop)  

Paul Stephenson presented his research on the scrutiny of EU budget implementation at a 2-day workshop at the European University Institute in Florence on 23-24 February. The event, held at the Robert Schuman Centre, was opened with a keynote speech by former Commissioner (1995-2004) and Italian prime minister (2011-2013), Mario Monti, and closed by EU Commissioner…

Second workshop, Berlin 17-19 May 2017

Following our first EUFINACCO workshop on financial accountability in the EU in May 2016 at the Faculty of Arts and Social Sciences at Maastricht University, we are now seeking research papers in progress for our second workshop, which will take place in Berlin this spring at the Berlin School of Economics and Law on 17-19 May…

The Brexit budgetary debates I: setting the scene

Following the June 2016 Referendum result, the House of Lords’ Subcommittee on EU Financial Affairs decided to launch an enquiry on “Brexit and Budget” and several academics and practitioners (yours truly among them, see here) were invited to contribute with their insights to help better inform the judgement of the UK Parliament. It may seem ruthless…