Acceso usuarios
In order to secure financial stability EU and national policymakers have equipped financial supervisors with a wide range of instruments that follow different regulatory strategies. In response to the financial crisis of 2007/2008 these instruments have once again been substantially modified and extended. Their specific design mirrors the characteristics of the financial system and the regulatory task. In this article I analyse the structures and peculiarities of the individual supervisory instruments as well as the characteristics of this set of instruments as such. In a second step I examine the opportunities for judicial review of supervisory measures offered by EU and national law. In this study I demonstrate the inadequacy of judicial controls of information published by supervisory authorities and of supervisory measures taken by the ECB. To that extant I argue that an amendment of the European Treaties is necessary.
