ABSTRACT

The European Union is one of the world’s largest financial jurisdictions, and after the global financial crisis has been increasingly active in international financial regulatory fora. What affects its ability (or otherwise) to shape international financial regulation? This analysis focuses at the EU level, arguing that the cohesiveness of the EU position has greater analytical leverage than alternative explanations based on market size, regulatory capacity and representation in international fora. Empirically, the article examines a variety of case studies of low, medium and high EU influence across the main segments of the financial sector (banking, securities markets and insurance) after the global financial crisis.