- 24 September 2019
- ECONOMIC BULLETIN - ARTICLEEconomic Bulletin Issue 6, 2019Details
- There is a wide range of instruments which the ECB may use in the area of supervision, reflecting the wide range of different supervisory activities it undertakes. Different kinds of instruments may be useful for different purposes. The present article attempts to bring some order into this multitude of different instruments and to describe their legal implications. The structure of the article is as follows: Section II will discuss legal acts of a binding nature. Section III will discuss, in a broad sense, legally non-binding instruments and documents, some of which qualify, in spite of their non-binding nature, as legal acts. Section IV will address the difficulties in distinguishing between these two categories, which is not always straightforward. Section V will draw some generalising and summarising conclusions.
- JEL Code
- K23 : Law and Economics→Regulation and Business Law→Regulated Industries and Administrative Law
G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
G18 : Financial Economics→General Financial Markets→Government Policy and Regulation