Europes Place in Global Financial Governance after the Crisis - 9781138803497

Taylor & Francis

Europes Place in Global Financial Governance after the CrisisAuthor(s): Daniel Mgge\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138803497, 978-1138803497\nSynopsis\nIn the years leading up the global financial crisis, the European Union (EU) had emerged as a central actor in global financial governance, almost rivalling the United States in influence. While the USA and the EU continue to dominate financial rule setting in the post-crisis world, the context in which they do so has changed dramatically. Pre-crisis ideas about laissez-faire regulation have been discarded in favour of more interventionist ones. The G20 and the Financial Stability Board have been charged with stronger coordination of global efforts. At the same time, jurisdictions have re-emphasized the need \""to get their own regulatory house in order\"" before committing to further global harmonization. And through banks failures and massive bail-outs, the fina.