Free. In English. Registration is not required.
A light lunch will be offered.
Tröger’s presentation describes and evaluates how competences in prudential supervision of cross-border banking groups are currently allocated among national and supranational authorities in the E.U. The appraisal adopts insights from the economics of public administration and international relations. He argues that the supervisory architecture has to be more aligned with bureaucrats’ incentives and that inefficient requirements to cooperate and share information should be reduced. Contrary to a widespread perception, shifting responsibility to a supranational authority like the European Central Bank cannot solve all the problems identified. The presentation sketches an alternative solution that dwells on far-reaching mutual recognition of national supervisory regimes and allocates competences in line with supervisors’ incentives and the risk inherent in cross-border banking groups.
Tobias Tröger is Full Professor at the University of Frankfurt and a Fellow at the Center for Financial Studies. He specializes in law and finance, law and economics, and corporate law.
This event is supported in part by a grant from the European Union and by the Canada-Europe Transatlantic Dialogue, www.canada-europe-dialogue.ca (with funding from the Social Sciences and Humanities Research Council of Canada).