Europe and the Governance of Global Finance

Author: Daniel Mügge
Publisher: Oxford University Press
ISBN: 9780199683963
Published In: June 2014
Format: Hardback , 240 pages
Jurisdiction: European Union ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

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First to map links between EU financial regulation and global/American regulatory politics
Comprehensive coverage
Written by specialists in the respective policy areas

The European Union (EU) has emerged as a central actor in financial governance. Hardly any corner of European financial markets remains untouched by EU rules, and key regulatory competences have been shifted from national authorities to supranational ones. At the same time, the global context has become ever more important for how and to what effect the EU regulates its financial markets. On the one hand, EU policymaking is embedded in global initiatives such as the Basel Committee on Banking Supervision. On the other hand, the EU now rivals the USA in its ability to shape global rules. Scholars and practitioners cannot make sense of EU rulemaking without studying its links to global financial governance, just as to understand how global initiatives evolve they have to appreciate the rise of the EU as a global regulatory force.

This book charts and analyses this centrality of the European-global link in financial governance for the first time. Its chapters, written by experts in the specific fields, cover the whole breadth of financial markets. They range from banking, auditing and accounting to derivatives trading, money laundering, and tax governance. This book offers comprehensive coverage of: how and why global and European financial governance have co-evolved over time; how global and European rules, institutions, and actors are linked today; and what this implies for future global and European financial governance. It is essential reading for anyone who wants to understand the dynamics of either global or European financial regulation.

Readership: Academics and researchers in financial regulation, public policy, law, political science, European studies, European politics, and financial economics; policymakers

1: Daniel Mügge: Introduction
2: Eilís Ferran: Financial Supervision
3: Jasper Blom: Banking
4: Daniel Mügge: Securities and Derivatives Markets
5: Lucia Quaglia: Insurance
6: Bart Stellinga: Accounting Standards
7: David Howarth and Lucia Quaglia: Hedge Funds
8: Stefanie Hiss and Sebastian Nagel: Credit Rating Agencies
9: Eleni Tsingou: Money Laundering
10: Duncan Wigan: Offshore Financial Centres
11: Andrew Baker: Macroprudential Regulation

Daniel Mügge is an Associate Professor in Political Economy at the University of Amsterdam. His research focuses on finance and its governance and the political economy of macroeconomic indicators. In the EU-funded GR:EEN project on Europe's role in the world (2011-2015) he leads the work on finance. In 2009 his dissertation was awarded the Jean Blondel prize for best European political science thesis of the year. Mügge was a visiting scholar at Harvard's Center for European Studies in 2012 and is co-editor of the Review for International Political Economy.

Contributors:
Andrew Baker, Queen's University of Belfast
Jasper Blom, University of Amsterdam
Ian Dewing, University of East Anglia
Eilís Ferran, University of Cambridge
Stefanie Hiss, University of Jena
David Howarth, University of Luxembourg
Daniel Mügge, University of Amsterdam
Sebastian Nagel, University of Jena
Lucia Quaglia, University of York
Peter Russell, University of East Anglia
Bart Stellinga, University of Amsterdam
Eleni Tsingou, Copenhagen Business School
Duncan Wigan, Copenhagen Business School