ABSTRACT
Regulatory policies in banking and finance have been profoundly transformed in the past fifteen or twenty years. National regulatory regimes have undergone radical change, putting an end to capital controls and all types of ‘exceptional’ regulation where it existed. At the same time, regulatory regimes have emerged at the international level (G10) as a response to the specific problems created by the internationalization of finance. For much of the time these regimes have taken the form of recommendations. More recently, in the context of European integration we have witnessed the emergence of much more formal arrangements. In June 2002 a European Securities Committee was created, with other areas such as insurance and banking set to follow. This chapter investigates the politics of regulatory integration in the European context.
