Europe and the Governance of Global Finance by Daniel Mugge Details
The European Union (EU) has emerged as a key player in financial governance. Almost none of the European financial markets is touched by the rules of the European Union, and…
The European Union (EU) has emerged as a key player in financial governance. Almost none of the European financial markets is touched by the rules of the European Union, and the main regulatory competencies have shifted from national authorities to supra-national authorities. At the same time, the global context has become more important to how the EU affects its financial markets.
On the one hand, EU policies are drawn up in global initiatives such as the Basel Committee on Banking Supervision. On the other hand, the EU now competes with the United States in its ability to formulate global norms.
Researchers and practitioners can not understand the rules of the EU without examining its links to global financial governance, just like understanding how global initiatives evolve, they must appreciate the rise of the EU as a global regulatory force. This book draws and analyzes this central importance of the global European linkage in financial management for the first time.
Its chapters, written by experts in specific areas, cover the entire spectrum of financial markets. Ranging from banking, auditing and accounting to trading derivatives, money laundering and tax governance. This book provides comprehensive coverage of: how and why global and European financial management evolved over time; how global and European rules, institutions and actors are connected today; and what this means for global and European financial governance in the future.
It is necessary to read anyone who wants to understand the dynamics of global or European financial regulation.
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