Financial Supervision and Agency Power: Reflections on ESMA

Takis Tridimas

Research output: Chapter in Book/Report/Conference proceedingChapter

23 Scopus citations


This chapter looks at the powers and workings of the European Securities Markets Authority (ESMA). It discusses the tensions surrounding the establishment of agencies at the EU level and the legal limitations arising from the case law of the European Court of Justice, and focuses on the powers and the accountability mechanisms of ESMA. It examines its quasiregulatory, decision-making and administrative powers and assesses its likely impact on financial supervision in the EU.

Original languageEnglish (US)
Title of host publicationFrom Single Market to Economic Union
Subtitle of host publicationEssays in Memory of John A. Usher
PublisherOxford University Press
ISBN (Electronic)9780191741302
ISBN (Print)9780199695706
StatePublished - Jun 21 2012

All Science Journal Classification (ASJC) codes

  • General Social Sciences


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