The sources of European Union influence in international financial regulatory fora

Lucia Quaglia*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

The European Union is one of the world's largest financial jurisdictions, and after the global financial crisis has been increasingly active in international financial regulatory fora. What affects its ability (or otherwise) to shape international financial regulation? This analysis focuses at the EU level, arguing that the cohesiveness of the EU position has greater analytical leverage than alternative explanations based on market size, regulatory capacity and representation in international fora. Empirically, the article examines a variety of case studies of low, medium and high EU influence across the main segments of the financial sector (banking, securities markets and insurance) after the global financial crisis.

Original languageEnglish
Pages (from-to)327-345
Number of pages19
JournalJournal of European Public Policy
Volume21
Issue number3
Early online date10 Mar 2014
DOIs
Publication statusPublished - Mar 2014

Keywords

  • European Union (EU)
  • financial regulation
  • financial services
  • global finance
  • international standards

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