IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v62y2024i6p1500-1518.html
   My bibliography  Save this article

Trust Matters in the Single Market, but How? Analysing Trust Amongst European Financial Supervisors

Author

Listed:
  • Esther Versluis
  • Niklas Michel
  • Aneta Spendzharova

Abstract

European regulatory co‐operation has become essential for the smooth operation of the single market, and this in turn requires trust. In the case of the European Union (EU) ‘Undertakings for Collective Investment in Transferable Securities’ (UCITS) Directive, for example, the member states' financial supervisory authorities rely on each other to provide a harmonised regime for the sale of investment funds across the EU. Funds authorised in one member state can be sold freely in another member state without further authorisation. The national authorities need to trust each other to ensure a consistent application of EU law. Yet we know very little about how trust matters from the perspective of member state regulators. In this article, we provide a better understanding of the relevant components of trust in the single market in financial services through an in‐depth case study of an EU network of national financial market supervisory authorities.

Suggested Citation

  • Esther Versluis & Niklas Michel & Aneta Spendzharova, 2024. "Trust Matters in the Single Market, but How? Analysing Trust Amongst European Financial Supervisors," Journal of Common Market Studies, Wiley Blackwell, vol. 62(6), pages 1500-1518, November.
    • Handle: RePEc:bla:jcmkts:v:62:y:2024:i:6:p:1500-1518
    DOI: 10.1111/jcms.13608
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jcms.13608
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jcms.13608?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michaelene Cox, 2003. "When Trust Matters: Explaining Differences in Voter Turnout," Journal of Common Market Studies, Wiley Blackwell, vol. 41(4), pages 757-770, September.
    2. Vantaggiato, Francesca P., 2019. "The drivers of regulatory networking: policy learning between homophily and convergence," Journal of Public Policy, Cambridge University Press, vol. 39(3), pages 443-464, September.
    3. repec:bla:jcmkts:v:41:y:2003:i::p:757-770 is not listed on IDEAS
    4. Frédérique E. Six & Dominika Latusek, 2023. "Distrust: A critical review exploring a universal distrust sequence," Journal of Trust Research, Taylor & Francis Journals, vol. 13(1), pages 1-23, January.
    5. Yannis Papadopoulos, 2018. "How does knowledge circulate in a regulatory network? Observing a European Platform of Regulatory Authorities meeting," Regulation & Governance, John Wiley & Sons, vol. 12(4), pages 431-450, December.
    6. Graham Dietz, 2011. "Going back to the source: Why do people trust each other?," Journal of Trust Research, Taylor & Francis Journals, vol. 1(2), pages 215-222, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Ping Li, 2017. "The time for transition: Future trust research," Journal of Trust Research, Taylor & Francis Journals, vol. 7(1), pages 1-14, January.
    2. Pascal Paillé & Jorge H. Mejía Morelos & Nicolas Raineri & Florence Stinglhamber, 2019. "The Influence of the Immediate Manager on the Avoidance of Non-green Behaviors in the Workplace: A Three-Wave Moderated-Mediation Model," Journal of Business Ethics, Springer, vol. 155(3), pages 723-740, March.
    3. Michael K. McCall & Margaret M. Skutsch & Jordi Honey-Roses, 2021. "Surveillance in the COVID-19 Normal: Tracking, Tracing, and Snooping – Trade-Offs in Safety and Autonomy in the E-City," International Journal of E-Planning Research (IJEPR), IGI Global, vol. 10(2), pages 27-44, April.
    4. Elizaveta Kopacheva, 2021. "Predicting online participation through Bayesian network analysis," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-22, December.
    5. Heike Delfmann, 2012. "Population change and new firm formation in urban and rural regions," ERSA conference papers ersa12p466, European Regional Science Association.
    6. Roxanne Kovacs & Maurice Dunaiski & Matteo M. Galizzi & Gianluca Grimalda & Rafael Hortala‐Vallve & Fabrice Murtin & Louis Putterman, 2024. "The determinants of trust: findings from large, representative samples in six OECD countries," Economica, London School of Economics and Political Science, vol. 91(364), pages 1521-1552, October.
    7. Nicole Gillespie, 2017. "Trust dynamics and repair: An interview with Roy Lewicki," Journal of Trust Research, Taylor & Francis Journals, vol. 7(2), pages 204-219, July.
    8. Stephan Grimmelikhuijsen & Feie Herkes & Ian Leistikow & Jos Verkroost & Femke de Vries & Wilte G. Zijlstra, 2021. "Can decision transparency increase citizen trust in regulatory agencies? Evidence from a representative survey experiment," Regulation & Governance, John Wiley & Sons, vol. 15(1), pages 17-31, January.
    9. Nikolova, Natalia & Möllering, Guido & Reihlen, Markus, 2015. "Trusting as a ‘Leap of Faith’: Trust-building practices in client–consultant relationships," Scandinavian Journal of Management, Elsevier, vol. 31(2), pages 232-245.
    10. Abdul Basit & Danish Ahmed Siddiqui, 2020. "Authentic Leadership and Openness to Change in Pakistani Service Industry: The Mediating Role of Trust and Transparent Communication," International Journal of Human Resource Studies, Macrothink Institute, vol. 10(3), pages 291341-2913, December.
    11. Ozdemir, Ugur & Ozkes, Ali & Sanver, Remzi, 2023. "Ability or motivation? Voter registration and turnout in Burkina Faso," OSF Preprints x5wbj, Center for Open Science.
    12. Martin Mathews & Peter Stokes, 2013. "The creation of trust: the interplay of rationality, institutions and exchange," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(9-10), pages 845-866, December.
    13. Maung, Min, 2024. "The bright side of social trust and entrepreneurial finance," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 778-795.
    14. Reini Schrama, 2023. "Expert network interaction in the European Medicines Agency," Regulation & Governance, John Wiley & Sons, vol. 17(2), pages 491-511, April.
    15. Robert Gillanders & Roisin Lyons & Lisa van der Werff, 2021. "Social sexual behaviour and co-worker trust in start-up enterprises," Small Business Economics, Springer, vol. 57(2), pages 765-780, August.
    16. Reini Schrama & Dorte Sindbjerg Martinsen & Ellen Mastenbroek, 2020. "Going Nordic in European Administrative Networks?," Politics and Governance, Cogitatio Press, vol. 8(4), pages 396-408.
    17. Alec Wells & Aminu Bello Usman, 2023. "Trust and Voice Biometrics Authentication for Internet of Things," International Journal of Information Security and Privacy (IJISP), IGI Global, vol. 17(1), pages 1-28, January.
    18. Donald J. Lacombe & Garth J. Holloway & Timothy M. Shaughnessy, 2014. "Bayesian Estimation of the Spatial Durbin Error Model with an Application to Voter Turnout in the 2004 Presidential Election," International Regional Science Review, , vol. 37(3), pages 298-327, July.
    19. Heike Delfmann & Sierdjan Koster & Philip McCann & Jouke Van Dijk, 2014. "Population Change and New Firm Formation in Urban and Rural Regions," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 1034-1050, June.
    20. Zolfaghari, Badri & Madjdi, Farsan, 2022. "Building Trusting Multicultural Organizations: Rethinking the Influence of Culture on Interpersonal Trust Development in the Workplace," Journal of International Management, Elsevier, vol. 28(4).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:62:y:2024:i:6:p:1500-1518. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.