A history of continuous power delegation: the establishment and further development of the European system of Financial Supervision

A history of continuous power delegation: the establishment and further development of the European system of Financial Supervision

A history of continuous power delegation: the establishment and further development of the European system of Financial Supervision

International and Regional Regulatory Institutions (IRIs) have, throughout history, been created and reshaped by crises. This article argues that this phenomenon can be explained through rational choice neo-institutionalism, which argues that crises shift policy equilibrium and allow for greater political will towards solving the root causes of the crisis – in turn, this usually involves some…

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