The ‘Old’ and ‘New’ Politics of Financial Services Regulation in the European Union

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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.
Original languageEnglish
Pages (from-to)515-535
Number of pages21
JournalNew Political Economy
Issue number4
Publication statusPublished - Sept 2012

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