The "old" and "new" politics of financial services regulation in the European Union

Quaglia, Lucia (2010) The "old" and "new" politics of financial services regulation in the European Union. OSE Research Paper (2).

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Abstract

This paper examines the regulatory response of the European Union to the global financial crisis, addressing the questions of whether, how and why the global financial crisis has changed the ‘old’ politics of financial services regulation in the EU. It is argued that the crisis challenged the existing model of financial regulation, which had to a considerable extent been influenced by the UK and the financial industry. With a good dose of political opportunism, a less ‘market-friendly’ approach to financial regulation has gained ground in the EU, empowering the coalition sponsoring that paradigm, notably France and Germany.

Item Type: Article
Schools and Departments: School of Law, Politics and Sociology > Politics
Depositing User: Lucia Quaglia
Date Deposited: 06 Feb 2012 18:53
Last Modified: 19 Jun 2012 16:32
URI: http://sro.sussex.ac.uk/id/eprint/18820
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