{"title":"The ECB as a banking supervisor: transparent compared to what?","authors":"Anna-Lena Högenauer","doi":"10.1080/07036337.2022.2154764","DOIUrl":"https://doi.org/10.1080/07036337.2022.2154764","url":null,"abstract":"ABSTRACT After over a decade of crisis, the ECB’s functions have expanded considerably, which in turn altered its relationship with other institutions. In particular, when the ECB assumed the role of Banking Supervisor under the Single Supervisory Mechanisms, it was generally accepted that this role would require more accountability than its traditional role in monetary policy. Yet, accountability requires transparency. However, there is a dearth of studies on the transparency of European banking supervision, and the few that exist are usually single case studies. This leaves us without a point of comparison that would help us understand what constitutes a ‘transparent banking supervisor’. Therefore, the aim of this article is to situate the transparency of the ECB within the wider literature on the transparency of banking supervisors. This allows us to pinpoint more precisely its strengths and shortcomings and the potential for reforms.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":" 1","pages":"121 - 137"},"PeriodicalIF":2.9,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41254233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Developing banking union’s common supervisory culture: a look into the ‘black box’ of joint supervisory teams","authors":"Marta Božina Beroš","doi":"10.1080/07036337.2022.2156994","DOIUrl":"https://doi.org/10.1080/07036337.2022.2156994","url":null,"abstract":"ABSTRACT The accomplishment of the Banking Union’s common supervisory culture or the implementation of consistent supervisory practices and standards across participating Member States, critically depends on the cooperation of national competent authorities throughout the supervisory process, which takes place primarily in Joint Supervisory Teams (JSTs). Because of their mixed, multilevel composition, JSTs allow the cross-comparison of varying national supervisory approaches and facilitate the identification of best practices as building blocks of a shared supervisory outlook on prudential concerns. This paper unpacks the ‘black box’ of JSTs through the lens of experimentalist governance and with a qualitative examination of data from various sources, including semi-structured interviews with JST-participants. It reveals the importance of NCAs in JSTs experimentalist practice as well as of soft governance tools in fostering a sense of community and highlights specific operational challenges in close cooperation that limit the reach of the common supervisory culture beyond the euro area.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"103 - 120"},"PeriodicalIF":2.9,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46832667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Failing or likely to fail: banking union cooperation tested since 2017","authors":"C. Petit","doi":"10.1080/07036337.2022.2156995","DOIUrl":"https://doi.org/10.1080/07036337.2022.2156995","url":null,"abstract":"ABSTRACT The creation of the Banking Union (BU) has been a significant leap towards further integration in the euro area. BU cooperation is critical for efficient supervisory and resolution actions, even more so for cross-border banks that may face legal and institutional differentiation. Cooperation takes place within the two BU pillars – the Single Supervisory Mechanism and the Single Resolution Mechanism – and together with authorities of non-participating Member States and of third countries in a cross-border setting. The Article examines how the two mechanisms dealt with Failing or Likely to Fail (FOLTF) and resolution cases from 2017 until early 2022. FOLTF cases have tested existing cooperation frameworks and prompted new cooperation vehicles and mechanisms within the BU, in its immediate EU periphery and with third countries. Cooperation is a prerequisite of functioning mechanisms; it lays the foundations for further integration within the BU; and helps consolidating equivalence with third countries.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"157 - 180"},"PeriodicalIF":2.9,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49126965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Bank supervision between risk reduction and economic renewal","authors":"Shawn Donnelly","doi":"10.1080/07036337.2023.2183391","DOIUrl":"https://doi.org/10.1080/07036337.2023.2183391","url":null,"abstract":"ABSTRACT This paper investigates specific challenges of Covid for balancing economic growth and financial stability as they apply to paradigms, programmes and policies of bank regulation and supervision at the European Commission and European Central Bank. It finds that dominant paradigms of risk reduction and control remained intact, despite a temporary programme of regulatory relaxation to spur credit growth. The ECB and the Commission were united on state aid, regulatory loosening and promoting credit creation. However, while the Commission sought credit for businesses, much of the credit went into the European housing sector, with ECB support.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"59 - 77"},"PeriodicalIF":2.9,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44213841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Under what conditions? How the narrative of EMU fiscal stability is reshaping Cohesion policy's EU solidarity.","authors":"Niccolò Donati","doi":"10.1080/07036337.2022.2119226","DOIUrl":"https://doi.org/10.1080/07036337.2022.2119226","url":null,"abstract":"<p><p>This research investigates the policy narratives that were deployed by the Commission to justify the reform of Cohesion policy in relation to the long-standing process of EMU reform. Our aim is to find out how narratives about EU solidarity allowed the creation of both redistributive patterns among the Member States, and Cohesion policy's macroeconomic conditionality. We identified two narratives: one of EU solidarity, based on the 'harmonious development' of the territories, and one of EMU stability, consisting in cross-national solidarity in exchange for structural reforms. We argue that, in the context of EMU reform, the narrative of stability found a favourable interest constellation, becoming the ideational driver of the Cohesion policy reform. In order to prove this argument, we conducted an ideational process tracing on the 1988 and 1994 Cohesion policy reforms, as well as a frame analysis on a corpus of 74 speeches from relevant EU Commission policy actors.</p>","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 2","pages":"293-308"},"PeriodicalIF":2.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://ftp.ncbi.nlm.nih.gov/pub/pmc/oa_pdf/a9/f6/GEUI_45_2119226.PMC10041974.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9214312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Banking Union — a stability-oriented macroeconomic or an efficiency-oriented microeconomic project?","authors":"K. Tuori","doi":"10.1080/07036337.2022.2158823","DOIUrl":"https://doi.org/10.1080/07036337.2022.2158823","url":null,"abstract":"ABSTRACT The article analyses the Banking Union from an economic-constitutional perspective. It argues that the areas covered by the Banking Union fall substantively mainly under the internal market area of EU law, where the microeconomic efficiency-based rationales and objectives are essential in legal assessments. In contrast, the euro area macroeconomic and stability-oriented rationales guided the decision on the Banking Union and the allocation of banking supervision to the ECB. The article claims that these different constitutional rationales, and the constitutional locus of the Banking Union, could have implications for the broader constitutional architecture and even for the EU legal order. Indeed, the microeconomic part of the EU economic-constitutional model suits legal approach to integration, but the macroeconomic rationales have a more problematic relation with law and courts. This could call for a resurgence of the internal market perspective in Banking Union going forward to remedy some of the constitutional concerns.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"43 - 58"},"PeriodicalIF":2.9,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47208384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The European Union’s failure to address the autocracy crisis: MacGyver, Rube Goldberg, and Europe’s unused tools","authors":"R. Kelemen","doi":"10.1080/07036337.2022.2152447","DOIUrl":"https://doi.org/10.1080/07036337.2022.2152447","url":null,"abstract":"ABSTRACT This article dismantles the myth that the EU’s failure to respond adequately to the rise of autocratic member governments has been due to its lack of adequate tools. The EU has used this excuse repeatedly to justify engaging in what Laurent Pech calls a new instrument creation cycle – reacting to attacks on democracy and the rule of law not by deploying existing tools but by wasting time creating new ones. The repetition of this cycle has resulted in the creation of a Rule of Law Rube Goldberg machine – a redundant assemblage of mostly useless instruments ostensibly designed to help the EU address backsliding. The pointlessness of many of these tools is underscored when we look closely at the few simple but potentially powerful, MacGyver-like tools that the EU has had at its disposal all along, but which EU leaders have failed to use robustly to defend democracy.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"223 - 238"},"PeriodicalIF":2.9,"publicationDate":"2022-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47687097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alice H Linder, Timothy Wen, Jean R Guglielminotti, Lisa D Levine, Yuli Y Kim, Stephanie E Purisch, Mary E D'Alton, Alexander M Friedman
{"title":"Delivery outcomes associated with maternal congenital heart disease, 2000-2018.","authors":"Alice H Linder, Timothy Wen, Jean R Guglielminotti, Lisa D Levine, Yuli Y Kim, Stephanie E Purisch, Mary E D'Alton, Alexander M Friedman","doi":"10.1080/14767058.2022.2081803","DOIUrl":"10.1080/14767058.2022.2081803","url":null,"abstract":"<p><strong>Purpose: </strong>To characterize temporal trends and outcomes of delivery hospitalization with maternal congenital heart disease (CHD).</p><p><strong>Materials and methods: </strong>For this repeated cross-sectional analysis, deliveries to women aged 15-54 years with maternal CHD were identified in the 2000-2018 National Inpatient Sample. Temporal trends in maternal CHD were analyzed using joinpoint regression to estimate the average annual percentage change (AAPC) with 95% CIs. The relationship between maternal CHD and several adverse maternal outcomes was analyzed with log-linear regression models. Risk for adverse outcomes in the setting of maternal CHD was further characterized based on additional diagnoses of cardiac comorbidity including congestive heart failure, arrhythmia, valvular disease, pulmonary disorders, and history of thromboembolism.</p><p><strong>Results: </strong>Of 73,109,790 delivery hospitalizations, 51,841 had a diagnosis of maternal CHD (7.1 per 10,000). Maternal CHD rose from 4.2 to 10.9 per 10,000 deliveries (AAPC 4.8%, 95% CI 4.2%, 5.4%). Maternal CHD deliveries with a cardiac comorbidity diagnosis also increased from 0.6 to 2.6 per 10,000 from 2000 to 2018 (AAPC 8.4%, 95% CI 6.3%, 10.6%). Maternal CHD was associated with severe maternal morbidity (adjusted risk ratios [aRR] 4.97, 95% CI 4.75, 5.20), cardiac severe maternal morbidity (aRR 7.65, 95% CI 7.14, 8.19), placental abruption (aRR 1.30, 95% 1.21, 1.38), preterm delivery (aRR 1.47, 95% CI 1.43, 1.51), and transfusion (aRR 2.28, 95% CI 2.14, 2.42). Risk for severe morbidity (AAPC 4.7%, 95% CI 2.5%, 6.9%) and cardiac severe morbidity (AAPC 4.7%, 95% CI 2.5%, 6.9%) increased significantly among women with maternal CHD over the study period. The presence of cardiac comorbidity diagnoses was associated with further increased risk.</p><p><strong>Conclusion: </strong>Maternal CHD is becoming more common among US deliveries. Among deliveries with maternal CHD, risk for severe morbidity is increasing. These findings support that an increasing burden of risk from maternal CHD in the obstetric population.</p>","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"2 1","pages":"9991-10000"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9691578/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81796976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Genesis and evolution of EU anti disinformation policy: entrepreneurship and political opportunism in the regulation of digital technology","authors":"Veronika Datzer, L. Lonardo","doi":"10.1080/07036337.2022.2150842","DOIUrl":"https://doi.org/10.1080/07036337.2022.2150842","url":null,"abstract":"ABSTRACT Disinformation, the deliberate spread of false or misleading information, is a worrisome threat for the EU, as its uses in recent events such as the Russian invasion of Ukraine in 2022 reveal. This article explores policy-formulation in the EU. It asks whether it is possible to explain the choice of the European Commission and of the European External Action Service (EEAS) to regulate disinformation in terms of political opportunism: using process tracing analysis supported by interviews with EU officials, this article finds that the European Commission sought to create an opportunity to regulate this matter because it considered it particularly salient, and that, contrary to what the literature on political opportunism might suggest, both the EEAS and the Commission can be considered the political entrepreneur in this domain, because the engagements against disinformation were led by an external threat perception.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"751 - 766"},"PeriodicalIF":2.9,"publicationDate":"2022-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43052177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reconciling participatory and evidence-based policymaking in the EU Better Regulation policy: mission (im)possible?","authors":"Adriana Bunea, Joe Chrisp","doi":"10.1080/07036337.2022.2144848","DOIUrl":"https://doi.org/10.1080/07036337.2022.2144848","url":null,"abstract":"ABSTRACT Modern systems of governance are increasingly adopting measures aimed at fostering public participation in policymaking, while embedding decisions in scientific evidence under the label of Better Regulation policy. Existing research identifies tensions between participatory and evidence-based approaches. This prompts questions about one of the most ambitious reforms to combine and enhance participatory and evidence-based tools of policymaking, initiated by the European Commission in 2016. We assess the extent to which this reform successfully combined and expanded the participatory layer of supranational policymaking while also strengthening its evidence-based credentials by analysing stakeholders’ evaluations. We find that stakeholders assess both sets of measures as part of a single, integrated dimension. Participatory measures received slightly better appraisals and were better known, but both sets of measures were evaluated positively and there are no significant differences in evaluations across stakeholder categories. This points to the complementarity of measures from a stakeholder perspective.","PeriodicalId":47516,"journal":{"name":"Journal of European Integration","volume":"45 1","pages":"729 - 750"},"PeriodicalIF":2.9,"publicationDate":"2022-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43232418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}