ABSTRACT
The regulation of the EU financial markets has come to the forefront of internal market policies in response to both the global financial crisis and the Euro-crisis. There is wide disagreement on whether the measures taken are merely ‘gesture politics’ (Buckley and Howarth 2010) or whether they introduce alternative regulatory paradigms (see Quaglia 2011: 678). Whatever the disagreement, the financial crisis has definitely brought financial regulation under public scrutiny (Woll 2012: 1). In this chapter we analyse the reform of EU financial governance by studying three cases of financial market regulation in the making: Alternative Investment Fund Managers (AIFM) (European Commission 2009c); Investor Compensation Scheme (ICS) (European Commission 2010a); and Deposit Guarantee Scheme (DGS) (European Commission 2010b). 1
