In this joint ACES-ACELG seminar, Jonathan Zeitlin and Filipe Brito Bastos will discuss their paper entitled 'SSM and the SRB accountability at European level: room for improvements?' - which was commissioned by the ECON committee of the European Parliament.
In their paper Zeitlin and Brito Bastos distinguish two contrasting models of accountability, one based on principal-agent relations, which is backward-looking, the other a dynamic and forward-looking model, which is more appropriate for independent bodies like the ECB/SSM and the SRB, operating in technically complex, rapidly evolving environments under conditions of high uncertainty, where parliaments and other political authorities have very limited sanctioning powers. They then go on to review the nature and effectiveness of three main forms of accountability as applied to these institutions – administrative, judicial, and political – together with the contribution of external review bodies, such as the European Court of Auditors and the European Ombudsman, to their accountability at European level. Following the dynamic, forward-looking approach advocated above, the authors argue that the best way to improve the accountability of the SSM and the SRB is to request the ECB/SSM and SRB to make the findings of their internal quality assurance and review bodies publicly available (subject to constraints on professional secrecy) and for the EP to use these findings to scrutinize and stimulate public debate about the operations and effectiveness of the two institutions.
Jonathan Zeitlin is Professor of Public Policy and Governance, and Distinguished Faculty Professor in the Department of Political Science and the Faculty of Social and Behavioral Sciences (FMG) at the University of Amsterdam. He is also founding Academic Director of the Amsterdam Centre for European Studies (ACES), a Research Priority Area of the University of Amsterdam and the Faculty of Social and Behavioral Sciences.
Filipe Brito Bastos is a postdoctoral researcher at the Amsterdam Centre for European Law and Governance. He completed his doctoral dissertation at the European University Institute of Florence, where he also earned his LLM, under the supervision of Professor Deirdre Curtin. The dissertation is about the judicial development of specific principles on multilevel administrative decision-making in the European Union.
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