№287. The New Financial Regulatory Paradigm: A transatlantic perspective
№287. The New Financial Regulatory Paradigm: A transatlantic perspective

Author(s): Karel Lannoo
Subject(s): Economic policy, Political economy, EU-Accession / EU-DEvelopment, Financial Markets
Published by: CEPS Centre for European Policy Studies
Keywords: Financial Regulatory Paradigm; Transatlantic perspective; EU; US; Sovereign debt crisis;
Summary/Abstract: Five years after the start of the financial crisis, the EU is further behind in reengineering its regulatory regime than the US. Although it seemed two years ago that the two blocs were moving in tandem, it is now clear that the US is further advanced in re-regulation and implementation than the EU. The sovereign debt crisis in the eurozone is to some extent to blame, but there is more to the story than that. Bank supervisory issues do not appear to bemoving off the policy agenda in the EU.

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