Institutional governance and Capital Markets Union: incrementalism or a 'big bang'?

Abstract

Niamh Moloney Institutional governance and capital markets union: incrementalism or a ‘big bang’? Article (Published version) (Refereed) Original citation: Moloney, Niamh (2016) Institutional governance and capital markets union: incrementalism or a ‘big bang’? European Company and Financial Law Review, 13 (2). pp. 376-423. ISSN 1613- 2548 DOI: 10.1515/ecfr-2016-0376 © 2016 the Author This version available at: http://eprints.lse.ac.uk/65178/ Available in LSE Research Online: August 2016 LSE has developed LSE Research Online so that users may access research output of the School. Copyright © and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. Users may download and/or print one copy of any article(s) in LSE Research Online to facilitate their private study or for non-commercial research. You may not engage in further distribution of the material or use it for any profit-making activities or any commercial gain. You may freely distribute the URL (http://eprints.lse.ac.uk) of the LSE Research Online website. Institutional Governance and Capital Markets Union: Incrementalism or a “Big Bang”? by Niamh Moloney* This article considers the institutional governance issues raised by Capital Markets Union (CMU) and suggests that the preferences of administrative actors are likely to have a deter- minative influence on how institutional governance develops as the CMU project evolves. Specifically, the incentives, powers, …

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