| Abstract: | 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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