The Operation of Supervisory Colleges in EU Banking Supervision: A Case Study of Soft Law Becoming Hard Law

Authors

Duncan E. Alford, University of South Carolina School of LawFollow

Publication Date

2021

Volume

54

Document Type

Article

Abstract

In this paper, I consider the case of supervisory cooperation among bank regulators where voluntary cooperation (soft law) over a period of 50 years has become hard law (regulations and directives) within the European Union. Driven by major international bank failures or financial crises, international standards for prudential supervisory cooperation among bank regulators have steadily developed and become more precise and defined since the early 1970s.

Recommended Citation

Duncan Alford, The Operation of Supervisory Colleges in EU Banking Supervision: A Case Study of Soft Law Becoming Hard Law, 54 INTERNATIONAL LAWYER 83 (2021).

Comments

©2020. Published in INTERNATIONAL LAWYER, Vol. 54, No. 1, (2021), by the American Bar Association. Reproduced with permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association or the copyright holder.

Copyright © 2020 by American Bar Association; Duncan Alford