Chapter 8 Conclusion: procedural and substantive accountability in European financial regulation
Restricted access

This chapter offers a reflection on the insights from the findings in this volume with regard to procedural and substantive accountability in European financial regulation. It argues that there is procedural accountability throughout, but there is considerable variation in substantive accountability at the different levels of European legislation. At the level of directives and regulation, high-level politicians are intensively involved and may make substantive use of accountability channels in order to ensure the preservation of the public interest. At the level of the specification of technical standards, there are widespread hybrid accountability channels in which substantial accountability becomes very much dependent on technical expertise. The chapter offers a brief reflection on the effects and implications of this variation in substantive accountability.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account