ABSTRACT
The global financial turmoil that began in 2007 and gained full force in the autumn of 2008 brought into the spotlight the importance of financial services regulation and supervision. Although this is not a book on those global financial troubles – the project was well under way before the first signs of the crisis erupted – the research is very topical because, in order to shed some light on that situation, it is necessary to gather a better understanding of how financial regulation is made, who are the main players, how they define their regulatory preferences and how they exert their influence in the rule-making process, as well as the effects of all this on the regulatory outcomes – i.e. the rules set in place.
