Subsidiarity principle also known as the principle of decentralization (subsidiarity)
Guiding principle for the organization of society, prefixed to the EU Treaty in the preamble and expressly reaffirmed in Article 5 TEC. In negative organizational terms, this means: Social entities of all kinds must not be administered in a bureaucratic, top-down patronizing and commanding manner. Matters such as the monetary system, which for reasons of the overall interest must in principle be regulated by a higher level, must be assigned to the lower levels for implementation in detail (rule of relocation). In principle, the European System of Central Banks takes this into account. – Legal harmonization within the EU, especially in the area of financial markets and all related issues, does not necessarily mean a transfer of competencies to the Commission (improving the workings of the financial markets does not automatically require stronger centralization), as is often claimed when the rule of relocation, which is inherent in the principle of subsidiarity, is not observed. – See alliances, cross-border, bank size, optimal, bank mergers, credit assessment, commitment, decentralization principle, downsizing, empowerment, Gibrat rule, gigabank, correspondent bank relationship, market, digital, megamania, Octopus, Penrose theorem, Popitz’s law, synergy potentials, apportionment, Wagner’s law. – Cf. ECB Monthly Bulletin, March 2010, p. 51 (even after the Lisbon Treaty, the subsidiary structure of the ECB does not change).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
