Abstract:
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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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