What do EU legislators call “Level 2” rulemaking? It’s a process where technical rules and standards are drafted by officials in consultation with stakeholders, often dominated by the financial industry. Level 2 is much harder for citizens to follow than Level 1, which refers to the primary legislation agreed by MEPs and member states, often under intense public scrutiny.
Katarzyna Hanula Bobitt, Finance Watch’s Senior Public Affairs Officer, makes a citizen’s tour of how Level 2 works.
