Problems with the European Central Bank and its “democratic disconnection” are well known. Indeed, they became much more significant with the introduction of the Single Supervisory Mechanism, which marks the end of the original separation between monetary policy and (micro-)supervision in the European context. It may be that a solution can be found in a careful judicial review of decisions in this field, but a number of problems arise, both as regards jurisdiction and standards of scrutiny.
A sandwich lunch will be available from 12.30. The meeting will begin at 1pm.