The Anti-Money Laundering Authority and EU Financial Agencies

Erscheinungsjahr 2027
ISBN: 978-0-19-898089-6
Verlag: Oxford University Press

Buch, Englisch, 480 Seiten, Print PDF, Format (B × H): 156 mm x 234 mm

The rapid expansion of EU financial agencies over the past decade reflects a broader transformation in the Union's system of governance toward increased agencification. Beginning with the establishment of the European System of Financial Supervision and followed by the creation of the Single Resolution Board, this development has fundamentally reshaped the EU's approach to financial market supervision.

This edited volume offers a structured and systematic analysis of EU financial agencies. It examines the institutional rationale and legal foundations of this governance model, as well as key issues relating to delegation of powers, accountability, judicial review, and inter-agency cooperation. Particular attention is given to the Anti-Money Laundering Authority (AMLA), established in 2025 as the EU's newest financial agency. The volume explores the AMLA's governance design, powers, and practical operation, and critically assesses its capacity to address structural weaknesses in the EU's anti-money laundering framework.

Combining doctrinal analysis with practical and policy-oriented perspectives, The Anti-Money Laundering Authority and EU Financial Agencies provides a timely and authoritative account of the evolution of EU financial governance.

Autoren/Hrsg.

Weitere Mitwirkende

Bauerschmidt, Jonathan

D'Ambrosio, Raffaele

Fromage, Diane

Schirk, Andreas

Inhaltsverzeichnis

- Introduction: EU Financial Agencies, Including the Anti-Money Laundering Authority

- 1: Annalisa Volpato: Diverging Paths of EU Agencification: AMLA and the Evolution of EU Administration

- 2: Paul Weismann: EU Agencies in the Financial Market: What Is Their Contribution to the EU's Agencification Overall?

- 3: Merijn Chamon: The Establishment of AMLA in Light of the Common Approach on EU Decentralised Agencies

- 4: Niamh Moloney: ESMA and the Evolution of the EU's Supervisory Model for Financial Markets

- 5: Jakub Kerlin: The Current Situation with the Meroni Doctrine: Straddling the Fence in the Single Resolution Mechanism Cases

- 6: Jonathan Bauerschmidt and Diane Fromage: The European Supervisory Authorities before the Court of Justice

- 7: Judicaël Etienne: Judicial Control of the Single Resolution Board's Powers

- 8: Menelaos Markakis: Judicial Review of Acts by the Single Resolution Board

- 9: Nathan de Arriba-Sellier: The Current Model of European Financial Architecture: Fit for Purpose?

- 10: Diane Fromage and Vanessa Aichstill: Bridging Borders: The Engagement of Third Countries with EU Financial Agencies

- 11: Eva-Maria Poptcheva and Victoria Suárez: Economic Nationalism in the EU: The Case for an Anti-Money Laundering Authority

- 12: Jean-Christophe Cabotte: AMLA-Institutional Aspects: Structure and Multilevel Cooperation between EU and National Levels

- 13: Olena Loboiko: Prerequisites of Success: Main Concepts and Assumptions in the Design of AMLA

- 14: Andreas Schirk: AMLA as a European Supervisory Pivot: A New Model for Cooperation and Governance?

- 15: Jonathan Bauerschmidt: Selecting the Seat of EU Agencies: Will AMLA Serve as a Blueprint?

- 16: Enrica Consigliere: The Anti-Money Laundering Authority: Tasks and Powers

- 17: Federica Cacciatore and Mariolina Eliantonio: AMLA and Other European Union Agencies Cooperating with Member States in Inspection Tasks: Where Does the Accountability Lie?

- AMLA's Administrative Board of Review and Its Potential Implications: Between Internal Review and Judicial Scrutiny: A Tale of Scylla and Charybdis?

- 19: Gabriel Betancor Jiménez de Parga: Who Pays for AMLA? From Fees to Forensics

- Conclusion: The Past, the Present, and the Future of EU Financial Agencies

Über Autor(innen)

Jonathan Bauerschmidt is a Member of the Legal Service, Council of the European Union, and Visiting Professor UCLouvain Saint-Louis Brussels. He studied law at the Universities of Constance and Aix-en-Provence and holds a PhD from Humboldt-University Berlin where he explored the effects of public international law treaties on the institutions of the European Union. His research focuses on constitutional and institutional law of the EU, Economic and Monetary Union and the law of financial services.

Raffaele D'Ambrosio is Deputy Head of the Legal Services Directorate of Banca d'Italia and Professor of "European Financial Supervision: Administrative and Judicial Proceedings" at the University of Bologna. He is member of the SSM Legal Committee and the Advisory Board of the European Banking Institute (EBI). During his professional and academic career he worked at the ECB Legal Services Directorate and at the Secretariat of the Italian Markets Authority (Consob) and was Professor of "Law of Financial Institutions" at the University of Bologna and "Banking Law" at the University of Viterbo. He is author of several essays on commercial, banking, and financial law.

Diane Fromage is Professor of European Law at the University of Salzburg and Deputy Director of the Salzburg Centre of European Union Studies. She teaches EU institutional and Internal market law, as well as Economic and Monetary Union and Banking Union law. Prior to joining Salzburg, she was a Marie Sk?odowska-Curie Fellow at Sciences Po, Paris, and an Assistant Professor at Maastricht and Utrecht Universities. She has authored numerous contributions on Economic and Monetary Union, Banking Union, Democracy and Accountability within the EU.

Andreas Schirk is heading the division for Anti-Money Laundering, Countering Terrorist Financing and Sanctions Supervision of the Austrian Financial Market Authority (FMA). He is the Austrian alternate member of AMLA's General Board in the supervisory composition and serving as co-chair of AMLA's internal committee on private sector standards. In his capacity, Andreas is also closely involved in the work of the Financial Action Task Force. Previously, he has held various positions at the European Commission and at the European Central Bank. Trained as lawyer and economist, Andreas is researching, publishing and lecturing on financial market topics.