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/lp/kluwer-law-international/the-broadening-soft-law-powers-of-the-european-banking-authority-v8FWG01Z8f
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- Publisher
- Kluwer Law International
- Copyright
- Copyright © 2022 Kluwer Law International BV, The Netherlands
- ISSN
- 1572-4999
- Publisher site
- See Article on Publisher Site
Abstract
The European Banking Authority (EBA), one of the pillars of the European System of Financial Supervision, has a power to issue guidelines and recommendations, both representing soft-law instruments, in order to achieve effective and common regulatory and supervisory standards in the banking industry. In the recent decision (15 July 2021), the Court of Justice of the European Union clarified the power of the EBA to issue soft law instruments, a decision that has important repercussions on all European supervisory authorities.
Journal
European Company Law – Kluwer Law International
Published: Feb 1, 2022