• Marta Božina Beroš
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


Through a brief overview of crisis-driven reforms of Economic and Monetary Union governance, the rationale and progress of agencification therein and an outline of agencies’ basic functions, this chapter details the motivation for studying agencies in European banking and their mode of governance. The chapter introduces the book’s main research question, objectives and methodology design. Bridging a precise lacuna in relevant scholarship, this short volume engages in a systematic, exploratory research of European agencies with competencies in prudential policy-making in order to shed light on the relationship dynamics of National Competent Authorities (NCAs) as part of these regulatory networks. By zooming in on NCAs’ interplay the book determines key drivers of agency governance, offering new knowledge on the actual practices of banking regulation and prudential policy-making.


Research objectives Methodology NCAs Relationship dynamics Agency governance 


  1. Angeloni, I. (2012). Towards a European Banking Union, CESifo Forum, 04/2012.Google Scholar
  2. Bach, T., & Ruffing, E. (2013). Networking for Autonomy? National Agencies in European Networks. Public Administration, 91(3), 712–726.Google Scholar
  3. Bach, T., & Ruffing, E. (2016). The Multi-Level Administration of the EU-Transnational Coordination Through National and Supranational Bureaucracies. TARN Working Paper No. 3.Google Scholar
  4. Bach, T., De Francesco, F., Maggetti, M., & Ruffing, E. (2016). Transnational Beaurocratic Politics: An Institutional Rivalry Perspectiveon EU Network Governance. Public Administration, 94(1), 9–24.CrossRefGoogle Scholar
  5. Bajakić, I., & Božina Beroš, M. (2017). Examining Agency Governance in the EU Financial Sector – A Case Study of ESMA. Ekonomska istraživanja, 30(1), 1743–1757.CrossRefGoogle Scholar
  6. Benz, A., Corcaci, A., & Doser, J. W. (2016). Unravelling Multilevel Administration. Patterns and Dynamics of Administrative Co-ordination in European Governance. Journal of European Public Policy, 23(7), 999–1018.CrossRefGoogle Scholar
  7. Blauberger, M., & Rittberger, B. (2015). Conceptualizing and Theorizing EU Regulatory Networks. Regulation & Governance, 9(4), 367–376.CrossRefGoogle Scholar
  8. Božina Beroš, M. (2017). Some Reflections on the Governance Framework of the Single Resolution Board. JCMS: Journal of Common Market Studies.
  9. Busuioc, M. (2013a). Rule-Making by the European Financial Supervisory Authorities: Walking a Tight Rope. European Law Journal, 19(1), 111–125.CrossRefGoogle Scholar
  10. Busuioc, M. (2013b). European Agencies-Law and Practices of Accountability. Oxford: Oxford University Press.CrossRefGoogle Scholar
  11. Busuioc, M. (2016). Friend or Foe? Inter-Agency Cooperation, Organizational Reputation and Turf. Public Administration, 94(1), 40–56.CrossRefGoogle Scholar
  12. Chamon, M. (2016). EU Agencies: Legal and Political Limits to the Transformation of the EU Administration. Oxford: Oxford University Press.CrossRefGoogle Scholar
  13. Chiu, I. H.-Y. (2016). Power and Accountability in the EU Financial Regulatory Architecture: Examining Inter-Agency Relations, Agency Independence and Accountability. In M. Andenas & G. Deipenbrock (Eds.), Regulating and Supervising European Financial Markets. More Risks Than Achievements (pp. 67–103). Zurich: Springer International Publishing.CrossRefGoogle Scholar
  14. Coen, D., & Thatcher, M. (2008a). Network Governance and Multi-Level Delegation: European Networks of Regulatory Agencies. Journal of Public Policy, 28(1), 49–71.CrossRefGoogle Scholar
  15. Coen, D., & Thatcher, M. (2008b). Reshaping European Regulatory Space: An Evolutionary Analysis. West European Politics, 31(4), 806–836.CrossRefGoogle Scholar
  16. Dehousse, R. (1997). Regulation by Networks in the European Community: The Role of European Agencies. Journal of European Public Policy, 4(2), 246–261.CrossRefGoogle Scholar
  17. Eberlein, B., & Grande, E. (2005). Beyond Delegation: Transnational Regulatory Regimes and the EU Regulatory State. Journal of European Public Policy, 12(1), 89–112.CrossRefGoogle Scholar
  18. Egeberg, M. (2006). Multilevel Union Administration. Basingstoke: Palgrave Macmillan.CrossRefGoogle Scholar
  19. Egeberg, M., & Trondal, J. (2009). Political Leadership and Bureaucratic Autonomy: Effects of Agencification. Governance: An International Journal of Policy, Administration, and Institutions, 22(4), 673–688.CrossRefGoogle Scholar
  20. Egeberg, M., & Trondal, J. (2011). EU-level Agencies: New Executive Centre Formation or Vehicles for National Control? Journal of European Public Policy, 18(6), 868–887.CrossRefGoogle Scholar
  21. Egeberg, M., & Trondal, J. (2016). Agencification of the European Union Administration-Connecting the Dots. TARN Working Paper No. 1.Google Scholar
  22. Everson, M. (2012). A Technology of Expertise: EU Financial Services Agencies. LSE “Europe in Question”. Discussion Papers Series, No. 49/2012.Google Scholar
  23. Ferran, E. (2017). European Banking Union and the EU Single Financial Market: More Differentiated Integration or Disintegration? In O. Andrea et al. (Eds.), Between Flexibility and Disintegration-The Trajectory of Differentiation in EU Law (pp. 252–281). Cheltenham: Edward Elgar.CrossRefGoogle Scholar
  24. Ferran, E., & Chan Ho, L. (2014). Principles of Corporate Finance Law (2nd ed.). Oxford: Oxford University Press.CrossRefGoogle Scholar
  25. Font, N. (2015). Policy Properties and Political Influence in Post-Delegation: The Case of EU Agencies. International Review of Administrative Sciences, 81(4), 773–792.CrossRefGoogle Scholar
  26. Geradin, D., Muñoz, R., & Petit, N. (Eds.). (2005). Regulation Through Agencies in the EU: A New Paradigm of European Governance. Cheltenham: Edward Elgar.Google Scholar
  27. Groenleer, M. (2011). Regulatory Governance in the European Union: The Political Struggle Over Committees, Agencies and Networks. In Levi-Faur (Ed.), Handbook on the Politics of Regulation (pp. 548–562). Cheltenham: Edward Elgar.Google Scholar
  28. Groenleer, M., Mijs, A., Heuvelhof, ten E., Meeuwen, van B., & Puil, van der J. (2014). Strategic Behaviour and Crisis-Driven Change in Regulation and Governance of the European Financial and Economic System: From Networks to Hybrids. Jerusalem Papers in Regulation & Governance, Working Paper No. 63.Google Scholar
  29. Heidbreder, E. G. (2014). Administrative Capacities in the EU: Consequences of Multi-Level Policy-Making. In M. Lodge & K. Wegrich (Eds.), The Problem-Solving Capacity of the Modern State (pp. 218–237). Oxford: Oxford University Press.Google Scholar
  30. Heims, E. (2016). Explaining Coordination Between National Regulators in EU Agencies: The Role of Formal and Informal Social Organization. Public Administration, 94(4), 881–896.CrossRefGoogle Scholar
  31. HM Government (2014). Review of the Balance of Competences Between the United Kingdom and the European Union. The Single Market: Financial Services and the Movement of Capital. Summer 2014, London.Google Scholar
  32. Hofmann, H. C. H. (2008). Mapping the European Administrative Space. West European Politics, 31(4), 662–676.CrossRefGoogle Scholar
  33. House of Lords. (2012). European Banking Union: Key Issues and Challenges-Report. EU Committee, 7th Report of Session 2012–13. London: The Stationery Office Limited.Google Scholar
  34. Howarth, D., & Quaglia, L. (2016). The Political Economy of the European Banking Union. Oxford: Oxford University Press.CrossRefGoogle Scholar
  35. Jordana, J., & Triviño-Salazar, J. C. (2017). European Union Agencies: A Transnational Logic? IBEI Working Papers 2017/54.Google Scholar
  36. Kelemen, D. R. (2002). The Politics of “Eurocratic” Structure and the New European Agencies. West European Politics, 25(4), 93–118.CrossRefGoogle Scholar
  37. Levi-Faur, D. (2011). Regulatory Networks and Regulatory Agencification: Towards a Single European Regulatory Space. Journal of European Public Policy, 18(6), 810–829.CrossRefGoogle Scholar
  38. Maggetti, M. (2014). The Rewards of Cooperation: The Effects of Membership in European Regulatory Networks. European Journal of Political Research, 53(3), 480–499.CrossRefGoogle Scholar
  39. Majone, G. (1997). The Agency Model: The Growth of Regulation and Regulatory Institutions in the European Union. EIPASCOPE, 1997(3), 1–6.Google Scholar
  40. Mathieu, M. (2016). When Europeanization Feeds Back into EU Governance: EU Legislation, National Regulatory Agencies, and EU Regulatory Networks. Public Administration, 94(1), 25–39.CrossRefGoogle Scholar
  41. Nieto, M. J. (2015). Regulatory Coordination in the Banking Union: The Role of National Authorities. In L. M. Hinojosa-Martínez & J. M. Beneyto (Eds.), European Banking Union. The New Regime (pp. 77–94). New York: Kluwer Law International.Google Scholar
  42. Peters, B. G. (1998). Managing Horizontal Government: The Politics of Co-ordination. Public Administration, 76(2), 295–311.CrossRefGoogle Scholar
  43. Rittberger, B., & Wonka, A. (2011). Introduction: Agency Governance in the European Union. Journal of European Public Policy, 18(6), 780–789.CrossRefGoogle Scholar
  44. Ruffing, E. (2015). Agencies Between Two Worlds: Information Asymmetry in Multi-Level Policy-Making. Journal of European Public Policy, 22(8), 1109–1126.CrossRefGoogle Scholar
  45. Schimmelfenning, F. (2016). A Differentiated Leap Forward: Spillover, Path-Dependency, and Graded Membership in European Banking Regulation. West European Politics.
  46. Scholten, M. (2014). The Political Accountability of EU and US Independent Regulatory Agencies. Leiden/Boston: Brill Nijhoff.CrossRefGoogle Scholar
  47. Thatcher, M. (2002). Regulation After Delegation: Independent Regulatory Agencies in Europe. Journal of European Public Policy, 9(6), 954–972.CrossRefGoogle Scholar
  48. Weismann, P. (2016). European Agencies and Risk Governance in EU Financial Market Law. Abingdon: Routledge.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Marta Božina Beroš
    • 1
  1. 1.Juraj Dobrila University of PulaPulaCroatia

Personalised recommendations