The European Union and global financial harmonisation

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Series Details No.4, SPS Working Papers
Publication Date 2012
ISSN 1725-6755
Content Type


This research examines the influence of the European Union (EU) in international financial harmonisation over the last two decades. It asks why the EU ‘uploads’ international financial regulation in some (few) cases, ‘downloads’ it in (many) other cases, or neither uploads or download rules. It sets up an analytical framework that combines the concepts of ‘international regulatory capacity’ and ‘EU regulatory capacity’, considering their variation across financial services as well as over time. Such a framework is then concisely applied to a variety of significant empirical case studies of prudential regulation of banking, securities, and insurance.

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Countries / Regions