Governing Financial Services in the European Union. Banking, Securities and Post-Trading

Abstract:
The global financial crisis that reached its peak in late 2008 has brought the importance of financial services regulation and supervision into the spotlight.

This book examines the governance of financial services in the EU, asking who governs financial services in the EU, how and why, and explaining where the power lies in the policy-making process. It covers the main financial services: banking, securities, payments systems, clearing and settlement. Addressing the politics and public policy aspects of financial market integration, regulation and supervision in the European Union, this book conducts a theoretically-informed and empirically-grounded analysis of financial services governance from the establishment of Economic and Monetary Union (1999) and the launch of the Financial Services Action Plan (1999), to date. It also assesses the EU responses to the global financial crisis.

Contents:
1. Introduction
2. The research design
3. The making of a single market in financial services
4. Governing banking in the EU
5. Governing securities markets in the EU
6. Governing post trading in the EU
7. An overall cross-sectoral assessment
8. The EU response to the global financial turmoil