Merijn Chamon and Nathan de Arriba-Sellier consider the recent FBF ruling of the European Union Court of Justice, in which a French bank, Fédération Bancaire Française, challenged the ability of an EU agency, the European Banking Authority, to issue guidelines — an example of so-called “soft law,” a measure that carries some sort of normative or coercive effect — relating to banking products. Read more here.
