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• The Legal Status of Macro-prudential Authorities in the Member States of the European Union

  János Kálmán

  Michal Janovec

  Views:

  82

  The study examines the main components of the organisational framework for macro-prudential management in the Member States of the European Union. The organisational design of macro-prudential management is a matter for the Member States, which can themselves be grouped into different models. The study first presents the international and EU standards and recommendations on the status of macro-prudential bodies in the Member States, then summarises the basic, theoretically relevant features of the status of macro-prudential bodies in the Member States, presents the analytical methodology of the study and finally analyses the features of the status of macro-prudential bodies in the Member States according to the methodology defined. The study concludes that there is a tendency for the EU macro-prudential body to standardise the basic elements of the status of macro-prudential bodies. However, the process of unification of the content of the institutional framework is still at an early stage and a variety of legal solutions can be identified for each of the substantive aspects. The study concludes that the institutional framework of macro-prudential policy can be described by a coordinated unification of the substantive pillars, with different formal features, but with different legal solutions.

• Financial Support System of EU – EFTA (Member States) cooperation

  62-85

  Gabriella Csűrös

  Views:

  176

  The economic cooperation between the EU and EFTA states constitutes a special cooperation form in several ways: the actors of cooperation (economic integrations and their Member States), the legal and institutional framework and the budgetary relations also have unique features. In our study the rules and changes of the EEA and Norwegian Financial Mechanism, as well as the Swiss Contribution are analyzed from aspect of integration theories and financial law. In the framework of historical analysis and comparative method the financial instruments of EFTA states are compared with the EU Cohesion and Structural Funds with the help of evaluating statistical data.

• The Financial Supervisory Agencies of the European Union and the Question of the European Administrative Procedure

  Bálint Teleki

  Views:

  230

  The agency-type organs have a history of several decades in the European Union. In the last few years there were two different tendencies leading towards the establishment of regulatory (or decentralised) agencies with strong powers, especially in the field of financial supervision. The first of these tendencies was the fall of the neoliberal dogma of the self-regulating market – as a consequence of the 2008 financial-economic crisis – which led to the priorities of the decision-makers being reset in favour of a stricter regulation than that of the New Public Management era. The other tendency was that the debate about a European administrative law started to live. The European Supervisory Authorities of the financial sector, which were established after the crisis, are regulatory agencies with strong powers. However, some of their competences are so strong, that it poses questions regarding the legal protection of the participants of the market. Moreover, the case-law related to their function seems to overwrite the accepted norms of delegation of competences within the institutional framework of the European Union.

• The Responsibility of the State in the Prevention and Management of Environmental Damage with Regard to Spatial Planning

  156-174

  Ilona Agócs

  Views:

  271

  The study aims to examine the constitutional responsibility of the State for environmental damage from a specific new perspective; it analyses its constitutional framework with regard to recent regulatory tools on spatial planning of the contaminated areas. To this end it briefly outlines the history of the remediation of areas falling within the State’s responsibility, its different regulatory and institutional models to date and the extent to which the newly introduced legal instrument in the act on formation and protection and of the built environment of brownfield action areas reflects this quarter-century process.

• The Practice of the African Commission on Human and Peoples’ Rights concerning the Rights of the Indigenous Peoples, with special regard to the Ogoni Case

  127-143

  György Marinkás

  Views:

  186

  The aim of the current article is to analyse the protection of indigenous peoples’ rights offered by the African human rights mechanism by introducing its institutional framework and jurisprudence. The author has the opinion that the African mechanism has followed in the footsteps of the Inter-American system and has interpreted the already existing substantial norms in an evolutive manner; thus achieving tremendous results in the acknowledgement and protection of indigenous rights. They did so with such success that now the “master” – namely the Inter-American Commission on Human rights – is quoting the student. It follows from the above mentioned lines that – according to the firm opinion of the author – the African mechanism worth the attention both present time, both in the future, due to the simple fact that new trends regarding indigenous rights may arise from the practice of the African Commission.