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The policy-making structure of European regulatory networks and the domestic adoption of standards


Maggetti, M; Gilardi, F (2011). The policy-making structure of European regulatory networks and the domestic adoption of standards. Journal of European Public Policy, 18(6):830-847.

Abstract

European regulatory networks (ERNs) constitute the main governance instrument for the informal co-ordination of public regulation at the European Union (EU) level. They are in charge of co-ordinating national regulators and ensuring the implementation of harmonized regulatory policies across the EU, while also offering sector-specific expertise to the Commission. To this aim, ERNs develop ‘best practices’ and benchmarking procedures in the form of standards, norms and guidelines to be adopted in member states. In this paper, we focus on the Committee of European Securities Regulators and examine the consequences of the policy-making structure of ERNs on the domestic adoption of standards. We find that the regulators of countries with larger financial industries tend to occupy more central positions in the network, especially among newer member states. In turn, network centrality is associated with a more prompt domestic adoption of standards.

European regulatory networks (ERNs) constitute the main governance instrument for the informal co-ordination of public regulation at the European Union (EU) level. They are in charge of co-ordinating national regulators and ensuring the implementation of harmonized regulatory policies across the EU, while also offering sector-specific expertise to the Commission. To this aim, ERNs develop ‘best practices’ and benchmarking procedures in the form of standards, norms and guidelines to be adopted in member states. In this paper, we focus on the Committee of European Securities Regulators and examine the consequences of the policy-making structure of ERNs on the domestic adoption of standards. We find that the regulators of countries with larger financial industries tend to occupy more central positions in the network, especially among newer member states. In turn, network centrality is associated with a more prompt domestic adoption of standards.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Uncontrolled Keywords:adoption, agencies, networks, regulation, standardization
Language:English
Date:12 August 2011
Deposited On:01 Mar 2012 16:09
Last Modified:05 Apr 2016 15:31
Publisher:Taylor & Francis
ISSN:1350-1763
Additional Information:This is an electronic version of an article published in Maggetti, M; Gilardi, F (2011). The policy-making structure of European regulatory networks and the domestic adoption of standards. Journal of European Public Policy, 18(6):830-847. Journal of European Public Policy is available online at http://www.tandfonline.com/doi/abs/10.1080/13501763.2011.593311
Publisher DOI:10.1080/13501763.2011.593311
Permanent URL: http://doi.org/10.5167/uzh-57658

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