Jump to ContentJump to Main Navigation
The European Union and Global Financial Regulation$
Users without a subscription are not able to see the full content.

Lucia Quaglia

Print publication date: 2014

Print ISBN-13: 9780199688241

Published to Oxford Scholarship Online: August 2014

DOI: 10.1093/acprof:oso/9780199688241.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 November 2020

The EU and Global Banking Regulation

The EU and Global Banking Regulation

Chapter:
(p.25) 3 The EU and Global Banking Regulation
Source:
The European Union and Global Financial Regulation
Author(s):

Lucia Quaglia

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199688241.003.0003

Banking was the first financial service to be subject to regulatory harmonization. However, banking regulation has mainly been designed to foster integration in the EU, rather than setting prudential rules (e.g. capital requirements). Over time, the EU has downloaded international capital requirements (the so-called Basel accords), albeit taking into account European ‘specificities’. In the negotiations of the Basel accords, the EU did not present a united front because its member states had different priorities, rooted in their domestic political economies. Banking regulation is a dual (i.e. a state and federal) competence in the US. The US, together with the UK, was able to upload its domestic capital requirements internationally in the late 1980s. The Basel I accord set in place a process of path-dependence and subsequently the US agreed to download Basel II and III.

Keywords:   banking regulation, banking supervision, Basel accords, Basel I, Basel II, Basel III, Basel Committee on Banking Supervision (BCBS), capital requirements

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .