The limits of joint-institutional frameworks for sectoral governance in EU-Swiss bilateral relations: lessons for future relations with the UK

Joint Institutional Frameworks in bilateral relations are circumscribed in policy scope, can lack adequate instruments for dynamic adaptation and provide limited access to decision-making processes internal to the contra
Joint Institutional Frameworks in bilateral relations are circumscribed in policy scope, can lack adequate instruments for dynamic adaptation and provide limited access to decision-making processes internal to the contracting parties. Informal governance, the involvement of private actors as well as rules such as equivalence provide avenues to remedy these limits in bilateral relations in sectoral governance. Through bilateral agreements, the scope of territorially bound political authority is expanded. The formalised and institutionalised frameworks and bodies established are, however, frequently accompanied by mechanisms of informal cooperation and special rules either to cover policy fields where no contractual relation exists, to provide for flexible solutions where needed, or to involve both public and private actors that otherwise do not have access to formal decision-making bodies. This SAFE working paper conceptualises formal and informal modes of cooperation and varying actor constellations. It discusses their relevance for the case of bilateral relations between the European Union (EU) and Switzerland in sectoral governance. More specifically, it draws lessons from EU-Swiss sectoral governance of financial and electricity markets for the future relations of the EU with the United Kingdom (UK). The findings suggest that there are distinct governance arrangements across sectors, while the patterns of sectoral governance are expected to look very much alike in the United Kingdom and Switzerland in the years to come. The general takeaway is that Brexit will have repercussions for the EU’s external relations with other third countries, putting ever more emphasis on formal and rule-based approaches, while leaving a need for sector-specific cross border co-operation.
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Metadaten
Author:Sandra Eckert
URN:urn:nbn:de:hebis:30:3-645698
URL:https://ssrn.com/abstract=4039554
DOI:http://dx.doi.org/10.2139/ssrn.4039554
Parent Title (English):SAFE working paper ; No. 341
Series (Serial Number):SAFE working paper series (341)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Year of Completion:2022
Year of first Publication:2022
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2022/03/01
Edition:February 2022
Pagenumber:27
Note:
I gratefully acknowledge financial support from the LOEWE Center SAFE (Project #21136). When writing and researching this Working Paper I held a COFUND-AIAS fellowship (European Union Horizon 2020 Research and Innovation Programme Marie Skłodowska-Curie grant agreement no. 754513 and Aarhus University Research Foundation, October 2019-October 2022) awarded by the Aarhus Institute of Advanced Studies (AIAS).
Institutes:Wirtschaftswissenschaften
House of Finance (HoF)
Center for Financial Studies (CFS)
Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:330 Wirtschaft
Sammlungen:Universitätspublikationen
Licence (German):License LogoDeutsches Urheberrecht

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