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Constitutional and Administrative Pluralism in the EU System of Banking Supervision
Published online by Cambridge University Press: 06 March 2019
Abstract
This Article examines the relationship between the developing European Union (EU) system of banking supervision and the theories of constitutional pluralism. It questions the remaining epistemic, explanatory, and normative value of these theories with regard to the EU system of banking supervision. The argument is broken down into three parts. First, the Article briefly describes the system of banking supervision in the European Union and the pluralist challenges that it spurs. Second, it schematically maps out the leading theories of constitutional pluralism to test, by way of their application to the field of EU banking supervision, their epistemic, explanatory, and normative value. Finally, to the extent that this value has diminished, the Article offers another pluralist theory, not a constitutional one, which could supplement the identified epistemic, explanatory, and normative gaps. This is a theory of administrative pluralism.
- Type
- Research Article
- Information
- German Law Journal , Volume 17 , Issue 5: Special Issue Democracy and Financial Order , 01 October 2016 , pp. 779 - 798
- Copyright
- Copyright © 2016 by German Law Journal, Inc.
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