Stakeholder Mobilization in Financial Regulation: A Comparison of EU Regulatory Politics over Time

Bastiaan Redert (University of Antwerppublished an article in the Journal of Common Market Studies

Current scholarship is inconclusive whether stakeholder involvement in regulatory politics can be legitimizing. This article argues that stakeholder involvement can only be legitimizing if bias in mobilization is limited. As bias is limited if a heterogeneous set of stakeholders participates mobilizes, stakeholder mobilization in public consultations on EU financial regulation is examined. Due to the financial crisis and subsequent institutional reforms, stakeholders' perception on who is affected by regulation and the reach of the agencies' operations has changed. Subsequently, mobilization is expected to be more heterogenous. ...
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