Cookies?
Library Header Image
LSE Research Online LSE Library Services

Resetting the location of regulatory and supervisory control over EU financial markets: lessons from five years on

Moloney, Niamh (2013) Resetting the location of regulatory and supervisory control over EU financial markets: lessons from five years on. International and Comparative Law Quarterly, 62 (4). pp. 955-965. ISSN 0020-5893

Full text not available from this repository.

Abstract

Some five years on from the Autumn 2008 collapse of Lehmans, the regulatory dust from the Global Financial Crisis has settled. Significant regulatory policy debates are still underway internationally, notably with respect to the treatment of shadow banking.1 But the main contours of the crisis-era regulatory landscape are now clear. Internationally, most major economies, including the EU, have implemented the G20 reform agenda, set out initially in the 2008 Washington Declaration,2 and covering, inter alia: bank capital, liquidity and leverage; hedge funds; rating agencies; and the over-the-counter (OTC) derivatives markets. That major regulatory change would have followed the financial crisis is not, of course, a surprise.3 Observation of responses to major financial crises over the years from the 1929 Crash to the ‘dotcom bubble’ era and beyond4 makes clear that what Professor Coffee has vividly described as the ‘regulatory sine curve’5 leads to a regulatory boom after financial market bust.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: © 2013 British Institute of International and Comparative Law
Library of Congress subject classification: H Social Sciences > HG Finance
J Political Science > JN Political institutions (Europe)
K Law > K Law (General)
Sets: Departments > Law
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 25 Nov 2013 14:33
URL: http://eprints.lse.ac.uk/54593/

Actions (login required)

Record administration - authorised staff only Record administration - authorised staff only