The UK and Multi-level Financial Regulation

The UK and Multi-level Financial Regulation
Author :
Publisher : Oxford University Press
Total Pages : 330
Release :
ISBN-10 : 9780192564207
ISBN-13 : 019256420X
Rating : 4/5 (07 Downloads)

Book Synopsis The UK and Multi-level Financial Regulation by : Scott James

Download or read book The UK and Multi-level Financial Regulation written by Scott James and published by Oxford University Press. This book was released on 2020-02-06 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The UK and Multi-level Financial Regulation examines the role of the United Kingdom (UK) in shaping post-crisis financial regulatory reform, and assesses the implications of the UK's withdrawal from the European Union (EU). It develops a domestic political economy approach to examine how the interaction of three domestic groups - elected officials, financial regulators, and the financial industry - shaped UK preferences, strategy, and influence in international and EU-level regulatory negotiations. The framework is applied to five case studies: bank capital and liquidity requirements; bank recovery and resolution rules; bank structural reforms; hedge fund regulation; and the regulation of over-the-counter derivatives. It concludes by reflecting on the future of UK financial regulation after Brexit. The book argues that UK regulators pursued more stringent regulation when they had strong political support to resist financial industry lobbying. UK regulators promoted international harmonisation of rules when this protected the competitiveness of industry or enabled cross-border externalities to be managed more effectively; but were often more resistant to new EU rules when these threatened UK interests. Consequently, the UK was more successful at shaping international standards by leveraging its market power, regulatory capacity, and alliance building (with the US). But it often met with greater political resistance at the EU level, forcing it to use legal challenges to block reform or secure exemptions. The book concludes that political and regulatory pressure was pivotal in defining the UK's 'hard' Brexit position, and so the future UK-EU relationship in finance will most likely be based on a framework of regulatory equivalence.


The UK and Multi-level Financial Regulation Related Books

The UK and Multi-level Financial Regulation
Language: en
Pages: 330
Authors: Scott James
Categories: Political Science
Type: BOOK - Published: 2020-02-06 - Publisher: Oxford University Press

DOWNLOAD EBOOK

The UK and Multi-level Financial Regulation examines the role of the United Kingdom (UK) in shaping post-crisis financial regulatory reform, and assesses the im
Modern Economic Regulation
Language: en
Pages: 779
Authors: Christopher Decker
Categories: Business & Economics
Type: BOOK - Published: 2023-05-31 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

Brings economic regulation to life by tracing theoretical insights through to real-world applications in eight essential regulated sectors.
UK economic regulators
Language: en
Pages: 648
Authors: Great Britain: Parliament: House of Lords: Select Committee on Regulators
Categories: Political Science
Type: BOOK - Published: 2007-11-13 - Publisher: The Stationery Office

DOWNLOAD EBOOK

UK economic Regulators : 1st report of session 2006-07, Vol. 2: Evidence
Regulatory Capitalism
Language: en
Pages: 261
Authors: John Braithwaite
Categories: Business & Economics
Type: BOOK - Published: 2008 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

In this sprawling and ambitious book John Braithwaite successfully manages to link the contemporary dynamics of macro political economy to the dynamics of citiz
The Oxford Handbook of Business and Government
Language: en
Pages: 804
Authors: David Coen
Categories: Business & Economics
Type: BOOK - Published: 2010-02-25 - Publisher: Oxford Handbooks Online

DOWNLOAD EBOOK

Business is one of the major power centres in modern society. The state seeks to check and channel that power so as to serve broader public policy objectives. H