The paper describes the activities of central counterparties (CCPs) and the international framework for those activities. It also provides an overview of the activities of the CCPs in the EU. Against this background, an initial assessment is performed of the possibilities of introducing a CCP in...

Globalisation can mean one of four things: a considerable degree of regulatory competition; a geographically relevant market transgressing national and regional borders; the transfer of significant regulatory power to supranational entities; the public perception that nation states have lost a...

This contribution examines the mechanisms for inducing compliance with international norms and rules as one major form of institutional effects. More specifically, it tackles the process from norm recognition to norm compliance. Two social logics of institutional impact are distinguished. They...

This paper studies the capacity of business interests to contribute to the democratic legitimacy of EU governance through participation in the EU policy-making process. Whereas the unbalanced participation of business as opposed to non-business interests in EU policy-making has been...

Observers of the European policy-making process are inevitably struck by the contrast between cumbersome decision-making processes on the one hand and simultaneous swift policy developments on the other. Many policies seem to be stuck for long periods in the Council, while at the same time...

Although the goal of market integration has not actually been challenged in recent years, it has nevertheless increasingly come to be considered incomplete and in need of complementary goals which serve the general interest by promoting social cohesion and equality. The debate has been conducted...

If one considers the different environmental action programs of the EU in which the strategic orientation of the EU environmental policy is defined for the mid-range, one can hardly avoid the impression that there has been a comprehensive transformation in the ideas about political governance....