Barbora Budinská speaks on the application of national law by the European Central Bank
On 12 and 13 May, the University of Luxembourg organised a workshop titled ‘The Politics, Law and Political Economy of European Banking Union: The First Decade of Operation.’ Barbora Budinská presented a paper on the application of national law by the European Central Bank (ECB) within the Single Supervisory Mechanism, the first pillar of the Banking Union.
The programme included speakers from academia and practice discussing various topics of inter alia, banking supervision, bank resolution, and deposit guarantee schemes. Barbora Budinská presented a paper that maps the scope of the national law the ECB has to apply in banking supervision. The ECB is the first EU institution that has the competence to apply not only EU but also national law. Barbora’s paper explains why it is necessary but intricate to establish the scope of applicable national law and attempts to develop a general methodology that can help to determine when the ECB can apply national rules without exceeding its mandate. The paper is partially based on Barbora’s doctoral research that examines the principles of review of national law by EU courts with a particular focus on banking supervision and regulation.