This paper examines the working of the ‘Lamfalussy committees’ in the banking and the securities sectors, asking whether these are ‘technical’ committees or ‘parapolitical’ ones. These committees are composed of experts (national civil servants) discussing regulatory and supervisory issues in a technical policy area — financial services. However, the issues discussed have political salience. It is argued that these committees of experts tend to be argument-based (level 2) and evidence-based (level 3), even though politics, as opposed to expertise, enter the policy process under specific circumstances. This combination of politics and expertise originates a distinctive type of informal governance.

Committee Governance in the Financial Sector in the European Union / Quaglia L. - In: REVUE D'INTÉGRATION EUROPÉENNE = JOURNAL OF EUROPEAN INTEGRATION. - ISSN 0703-6337. - STAMPA. - 30:(2008), pp. 565-580.

Committee Governance in the Financial Sector in the European Union

QUAGLIA, LUCIA
2008

Abstract

This paper examines the working of the ‘Lamfalussy committees’ in the banking and the securities sectors, asking whether these are ‘technical’ committees or ‘parapolitical’ ones. These committees are composed of experts (national civil servants) discussing regulatory and supervisory issues in a technical policy area — financial services. However, the issues discussed have political salience. It is argued that these committees of experts tend to be argument-based (level 2) and evidence-based (level 3), even though politics, as opposed to expertise, enter the policy process under specific circumstances. This combination of politics and expertise originates a distinctive type of informal governance.
2008
Committee Governance in the Financial Sector in the European Union / Quaglia L. - In: REVUE D'INTÉGRATION EUROPÉENNE = JOURNAL OF EUROPEAN INTEGRATION. - ISSN 0703-6337. - STAMPA. - 30:(2008), pp. 565-580.
Quaglia L
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/603384
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