Prof. Dr. Silvia Allegrezza, director of the Master in European and Financial Criminal Law and Associate Professor of Criminal Law, has co-authored an article in the renowned Common Market Law Review. This significant publication is the result of the ECB legal research scholarship awarded to Dr. Allegrezza and Professor Lasagni in 2022.
The Common Market Law Review is the pre-eminent journal on European Union law, offering a platform for the brightest legal minds in the field for over fifty years. Its international editorial board and contributions from around the globe ensure a comprehensive and detailed examination of various topics.
The article titled, “The enforcement of ECB sanctions in light of the proportionality principle: Is there a need for a guide to define a solid legal framework?” , offers an overview of the numerous dimensions of the principle of proportionality and its evolution in the multi-layered European legal framework, in light of the increasing expansion of punitive powers of executive bodies.
More precisely, it outlines the limits of the principle of proportionality in the sanctioning procedure of the Single Supervisory Mechanism (SSM) within the ECB, comparing it with other relevant EU bodies and national supervisors.
Proposals put forth in the study advocate for a more cohesive approach to applying the proportionality principle within the SSM.
This initiative aims to enhance fairness and efficiency in the sanctioning process, paving the way for more balanced regulatory outcomes.