Europe and the Governance of Global Finance
Daniel Mügge
Abstract
The European Union (EU) is a central player in global financial governance. At the same time, developments outside of Europe, in particular on Wall Street and in Washington, have an enormous impact on how the EU regulates its own financial markets. Understanding European financial governance is impossible without paying attention to regulatory developments elsewhere and vice versa––both historically and in future scenarios. This book charts this European-global link in financial governance. It covers the whole breadth of financial markets, ranging from banking, auditing and accounting to deriv ... More
The European Union (EU) is a central player in global financial governance. At the same time, developments outside of Europe, in particular on Wall Street and in Washington, have an enormous impact on how the EU regulates its own financial markets. Understanding European financial governance is impossible without paying attention to regulatory developments elsewhere and vice versa––both historically and in future scenarios. This book charts this European-global link in financial governance. It covers the whole breadth of financial markets, ranging from banking, auditing and accounting to derivatives trading, money laundering and tax governance. Its contributions demonstrate that global financial governance has moved beyond simple dominance by the USA. Nevertheless, transatlantic regulation relations––now the central axis of global rule setting––is not marked by intensifying conflict but rather by mutual adaptation and a readiness to accommodate national and regional idiosyncrasies.
Keywords:
transatlantic relations,
European Union,
EU,
global financial governance,
financial
Bibliographic Information
| Print publication date: 2014 |
Print ISBN-13: 9780199683963 |
| Published to Oxford Scholarship Online: June 2014 |
DOI:10.1093/acprof:oso/9780199683963.001.0001 |
