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How nature of regulation and levels of trust affect each other over time: the case of financial regulation in the EU

Project description

On the mutual influence of regulation and trust

Has the distrust in banks associated with the 2008 financial and economic crises actually led to stricter rules? And have these rules been able to restore the trust of policymakers and citizens alike? By addressing these questions through theoretical, methodological and empirical innovations, this Marie Skłodowska-Curie individual fellowship, through EU project REGTRUST, will offer key insights on the bidirectional relationship between trust and rules. Far from being confined to the financial sector, its broader conclusions will be relevant to many of the most salient contemporary public policies, ranging from the regulation of innovative medicines to the regulation of data protection.

Objective

Regulation and trust are at the heart of our society. In setting regulations to govern the behavior of citizens, firms and states, policymakers make regulatory design choices that are partly grounded in trust/distrust between them and key actors in the field at hand. Yet we know surprisingly little about the iterative processes whereby the nature of regulation and trust affect each other over time.
A truly interdisciplinary project bringing theoretical, methodological and empirical innovations, REGTRUST studies the bidirectional relation between the nature of regulation and levels of trust through a combination of quantitative and qualitative methods. Focusing on the case of EU financial regulation during 2011-20, REGTRUST 1) maps the nature of EU financial regulation along two key dimensions (specificity-broadness; stability-revisability), 2) assesses statistically significant relations between such a nature and current and past levels of trust/distrust among key EU and national actors (policymakers, regulators, regulatees, consumers), and 3) traces causal mechanisms underpinning these statistically significant relations.
Expertise and facilities offered by the host (UA; Prof. Verhoest) and the secondment (FBF; Prof. Carletti), together with my existing experience and talent, mutually reinforce my development as independent researcher during the fellowship. In addition, advanced training (e.g. statistics, grant writing, science communication), two-way knowledge transfer and international and intersectoral mobility allow me realizing my long-term career goals after the fellowship. A customized dissemination and communication plan ensures that the project and its results are known well beyond the academic community, while also seeking active engagement with a wider audience (e.g. workshops, class experiments).
Altogether, REGTRUST at once bridges a major scientific gap, enhances my future career prospects, and makes a timely contribution to pressing societal debates.

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Programme(s)

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Topic(s)

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Funding Scheme

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MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)

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Call for proposal

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(opens in new window) H2020-MSCA-IF-2020

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Coordinator

UNIVERSITEIT ANTWERPEN
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 166 320,00
Address
PRINSSTRAAT 13
2000 Antwerpen
Belgium

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Region
Vlaams Gewest Prov. Antwerpen Arr. Antwerpen
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 166 320,00
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