TY - JOUR
T1 - The ‘Old’ and ‘New’ Politics of Financial Services Regulation in the European Union
AU - Quaglia, Lucia
PY - 2012/9
Y1 - 2012/9
N2 - This research 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 and resulted in the emergence of a ‘new’ politics. It is argued that, with a good dose of political opportunism and ‘anti-free market’ rhetoric, a continental advocacy coalition sponsoring a ‘market-shaping’ regulatory approach has capitalised on the crisis, tipping the balance of regulatory power in the EU in its favour, as compared to the pre-crisis situation.
AB - This research 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 and resulted in the emergence of a ‘new’ politics. It is argued that, with a good dose of political opportunism and ‘anti-free market’ rhetoric, a continental advocacy coalition sponsoring a ‘market-shaping’ regulatory approach has capitalised on the crisis, tipping the balance of regulatory power in the EU in its favour, as compared to the pre-crisis situation.
UR - http://www.scopus.com/inward/record.url?scp=84866864167&partnerID=8YFLogxK
U2 - 10.1080/13563467.2012.622360
DO - 10.1080/13563467.2012.622360
M3 - Article
SN - 1356-3467
VL - 17
SP - 515
EP - 535
JO - New Political Economy
JF - New Political Economy
IS - 4
ER -