Ist die Wirtschaftskrise ein Katalysator für das Entstehen unabhängiger Behörden? Reformen der Bankaufsicht im Vergleich
Year: 2014
Author: Groß, Thomas
Die Verwaltung, Vol. 47 (2014), Iss. 2 : pp. 197–219
Abstract
Independent agencies have a long tradition in Great Britain and the United States of America. Over the past 40 years independent administrative authorities have also been introduced in other European countries and in the European Union. The analysis of the constitutions of nine EU Member States shows that only Sweden and Austria have general provisions on that problem while in most other countries they have been created by ordinary statutes. Germany is still very reluctant as instructions by the government are seen as an essential element of democratic legitimacy of administrative action. The example of banking supervision confirms the isolation of Germany. In all other countries as well as in the EU the central banks or other specialized authorities regulating financial institutions are guaranteed independence from government. This development started long before the current financial crisis, but recent reforms have strengthened the role of independent agencies.
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Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/verw.47.2.197
Die Verwaltung, Vol. 47 (2014), Iss. 2 : pp. 197–219
Published online: 2014-06
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 23
Author Details
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Democratic Legitimation of Central Bank Independence in the European Union
Independence as a Structural Characteristic of European Union Law
Manger-Nestler, Cornelia
Gentzsch, Markus
2021
https://doi.org/10.1007/978-3-030-75115-9_4 [Citations: 0]