IDEAS home Printed from https://ideas.repec.org/b/oxp/obooks/9780199688241.html
   My bibliography  Save this book

The European Union and Global Financial Regulation

Author

Listed:
  • Quaglia, Lucia

    (University of York)

Abstract

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.

Suggested Citation

  • Quaglia, Lucia, 2014. "The European Union and Global Financial Regulation," OUP Catalogue, Oxford University Press, number 9780199688241.
    • Handle: RePEc:oxp:obooks:9780199688241
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zsuzsánna Biedermann & Ágnes Orosz, 2015. "Diverging financial regulations after the crisis? A comparison of the EU’s and the United States’ responses," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 14(1), pages 31-55.
    2. Johannes Jarlebring, 2023. "Blacklisting and the EU as a Global Regulator: The Institutionally Predisposed Norm Breaker," Journal of Common Market Studies, Wiley Blackwell, vol. 61(4), pages 1007-1025, July.
    3. Zdenek Kudrna & Patrick Müller, 2017. "Harmonizing Internationally to Harmonize Internally: Accounting for a Global Exit from the EU's Decision Trap," Journal of Common Market Studies, Wiley Blackwell, vol. 55(4), pages 815-831, July.
    4. repec:cbh:journl:v:14:y:2015:i:1:p:31-55 is not listed on IDEAS
    5. Lucia Quaglia, 2021. "It Takes Two to Tango: The European Union and the International Governance of Securitization in Finance," Journal of Common Market Studies, Wiley Blackwell, vol. 59(6), pages 1364-1380, November.
    6. Adam William Chalmers & Robyn Klingler‐Vidra & Alfio Puglisi & Lisa Remke, 2022. "In and out of revolving doors in European Union financial regulatory authorities," Regulation & Governance, John Wiley & Sons, vol. 16(4), pages 1233-1249, October.
    7. Lucia Quaglia & Aneta Spendzharova, 2022. "Regime complexity and managing financial data streams: The orchestration of trade reporting for derivatives," Regulation & Governance, John Wiley & Sons, vol. 16(2), pages 588-602, April.
    8. Dilger, Alexander, 2017. "Wirtschaftsethische Überlegungen zur Finanz- und Eurokrise," Discussion Papers of the Institute for Organisational Economics 5/2017, University of Münster, Institute for Organisational Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780199688241. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Economics Book Marketing (email available below). General contact details of provider: http://www.oup.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.