Mads Andenas and Gudula Deipenbrock, More Risks than Achievements?.- Part I The European System of Financial Supervision as Originally Introduced from the Institutional Perspective – Selected Aspects from the European, Comparative Law and Economic View: Gudula Deipenbrock, The European Securities and Markets Authority and its Regulatory Mission – A Plea for Steering a Middle Course.- Trude Myklebust, Form and Function of the ESRB: A Critical Analysis.- Iris Chiu, Power and Accountability in the EU Financial Regulatory Architecture – Examining Inter-agency Relations, Agency Independence and Accountability.- Georgina Tsagas, The Regulatory Powers of the European Supervisory Authorities – Constitutional, Political and Functional Considerations.- Federico Della Negra, The Effects of the ESMA’s Powers on Domestic Contract Law.- Giuseppe Bianco, Strengths and Weaknesses of the ESMA-SEC Supervisory Cooperation.- María Jesús Muñoz-Torres and Juana María Rivera-Lirio, Sustainability Impact Assessment in ESAs.- Kern Alexander, Selected Aspects of International Regulation and Policy – Reforming International Financial Regulation along Macro-prudential Lines.- Régis Bismuth, The Federalisation of Financial Supervision in the US and the EU – A Historical-Comparative Perspective.- Part II The European Central Bank and Banking Supervision from the Institutional Perspective – Selected Aspects Covering the Legal and Economic View: Kern Alexander, The ECB and Banking Supervision – Does Single Supervisory Mechanism Provide an Effective Regulatory Framework?.- Christos V. Gortsos, The Role of the European Banking Authority (EBA) After the Establishment of the Single Supervisory Mechanism (SSM).- Raffaele D’Ambrosio, The Single Supervisory Mechanism (SSM) – Selected Institutional Aspects and Liability Issues.- Maren Heidemann and Dania Thomas, Judicial Review in the Eurozone –The Court System as Regulator? The Case of the Sovereign Debt Crisis.- Jan Dalhuisen, The Management of Systemic Risk from a Legal Perspective.- Andreas Horsch, Regulating SIFIs in the European Union – A Primer from an Economic Point of View.- Jacob Kleinow, Loss-Absorbing Capacity – The Last Remedy for European SIFI Regulation?.