The European Union and Global Financial Regulation

The European Union and Global Financial Regulation examines the influence of the European Union (EU) in regulating global finance, addressing several inter-related questions.

The European Union and Global Financial Regulation

The European Union and Global Financial Regulation examines the influence of the European Union (EU) in regulating global finance, addressing several inter-related questions. Why does the EU 'upload' international financial regulation in some cases, 'download' it in other cases, and 'cross-load' either actively or passively in other instances? Has this changed over time, especially after the third stage of Economic and Monetary Union and the completion of the single financial market, or after the global financial crisis? Under what conditions is the EU more or less likely to upload, download or cross load rules? Through which mechanisms does this take place? Overall, does the EU act as a pace setter in regulating global finance, or is it mainly a follower? Why? The key explanatory variable used in this research is the concept of 'regulatory capacity', applied to the EU and the US, distinguishing between 'strong' and 'weak' regulatory capacity. The influence of the EU in global financial regulation depends on the combinations of EU and US regulatory capacities. When EU regulatory capacity is weak and US regulatory capacity is strong, the US will mainly upload its domestic rules internationally and/or actively cross load them to the EU, whereas the EU will mainly download international rules. When the EU regulatory capacity is strong and US regulatory capacity is weak, the EU is able to upload its rules internationally and/or actively cross load them to third countries. When the EU and the US regulatory capacities are weak, private sector governance prevails. When the EU and US regulatory capacities are strong, both jurisdictions seek to upload and cross load their domestic rules.

More Books:

The European Union and Global Financial Regulation
Language: en
Pages: 208
Authors: Lucia Quaglia
Categories: Political Science
Type: BOOK - Published: 2014-06-26 - Publisher: OUP Oxford

The European Union and Global Financial Regulation examines the influence of the European Union (EU) in regulating global finance, addressing several inter-related questions. Why does the EU 'upload' international financial regulation in some cases, 'download' it in other cases, and 'cross-load' either actively or passively in other instances? Has this
The European Union and Global Financial Regulation
Language: en
Pages: 210
Authors: Lucia Quaglia
Categories: European Union countries
Type: BOOK - Published: 2014 - Publisher:

'The European Union and Global Financial Regulation' examines the influence of the EU in regulating global finance over time. It comprehensively and systematically covers all the main financial services, including; banking, securities markets, insurance, and accounting and auditing standards.
The European Union and Global Financial Harmonisation
Language: en
Pages: 21
Authors: Lucia Quaglia, European University Institute. Department of Political and Social Sciences
Categories: Banks and banking, International
Type: BOOK - Published: 2012 - Publisher:

This research examines the influence of the European Union (EU) in international financial harmonisation over the last two decades. It asks why the EU 'uploads' international financial regulation in some (few) cases, 'downloads' it in (many) other cases, or neither uploads or download rules. It sets up an analytical framework
Financial Regulation in the European Union After the Crisis
Language: en
Pages: 174
Authors: Domenica Tropeano
Categories: Business & Economics
Type: BOOK - Published: 2018-01-12 - Publisher: Routledge

In the wake of the financial crisis, new regulatory measures were introduced which, along with changes in monetary and macroeconomic policy, have transformed the global financial structure. However, this new financial structure displays various fragilities. A new shadow banking system has grown both inside and outside the traditional banks and
Europe’s Place in Global Financial Governance after the Crisis
Language: en
Pages: 128
Authors: Daniel Mügge
Categories: Political Science
Type: BOOK - Published: 2016-03-31 - Publisher: Routledge

In the years leading up the global financial crisis, the European Union (EU) had emerged as a central actor in global financial governance, almost rivalling the United States in influence. While the USA and the EU continue to dominate financial rule setting in the post-crisis world, the context in which