The EU and Global Financial Regulation

Project overview

The European Union and Global Financial Regulation  investigates the influence of the largest and most closely integrated regional jurisdiction, the European Union (EU), in regulating global finance. The objectives of this project are both exploratory and explanatory.

First, it maps out the complex institutional framework and rule-making process for the regulation of financial services at the international level and the EU level, examining how they interact. Second, it explains the influence of the EU (or, in certain cases, the lack thereof) on international financial regulation by: ‘uploading’ EU rules internationally; ‘downloading’ international rules in the EU; actively ‘cross-loading’ EU rules to other jurisdictions (first and foremost, the US), as well passively ‘cross-loading’ third countries rules into the EU.

The research pays particular attention to variation across financial services, namely, banking, securities, insurance, posttrading, accounting and auditing, as well as over time, namely, over the last two decades. It is the first project ever to do so.

The European Union and Global Financial Regulation is led by Professor Lucia Quaglia and is funded by the British Academy and a fellowship from the Hanse-Wissenschaftskolleg (HWK). ‌