We investigate the role of prudential supervisors' independence in affecting income
smoothing behavior in European banks. Powerful national supervisors are predicted to …

Using a unique data set, this paper studies the governance of anti-money laundering (AML)
supervisors known as Financial Intelligence Units (FIUs). We start from a theoretical …

English summary: As an answer to the financial crisis of 2008/2009, the European Union
established the European System of Financial Supervision (ESFS) starting on 1 January …

This paper investigates the role of external auditors in banking sector supervision from a
theoretical, institutional and empirical perspective. We first present a simple principal-agent …

The recent international financial crisis exposed many of the frailties that exist within the
European banking sector. One major decision taken by the European Commission was to …

Purpose This paper aims to analyzing the main risk culture traits of a sample of Central
Banks and Supervisory Authorities in Europe as well as of the European Central Bank …

The creation of the European Securities and Markets Authority (ESMA) has marked a major
step towards more integrated rulemaking and supervision in the European financial market …

Introduction: The euro area was routinely criticized for its handling of the sovereign debt
crisis, charged with doing 'too little, too late'in order to alleviate market pressure. Its …

Evidence of substantial experimental governance has been found in a variety of areas of
European Union (EU) governance. However the relationship between experimentalism in …

In 2007, the world economy was hit by a financial crisis of systemic nature and global reach.
Confronted with the failure of (potentially) systemically important financial institutions (SIFIs) …