Restructuring Global and EU Financial Regulation

Abstract

This chapter analyses the cognitive shifts prompted by the 2008 financial crisis and its impact on the organization of global and EU financial regulation. It argues that in order to develop structures and strategies for dynamic responsiveness, there is a need first to understand the changes in the organizational structures of global and EU financial regulation and the cognitive shifts which underlie them. The chapter groups these developments into four main areas: surveillance, resilience, stability, and regime management then considers the developments made in institutional structures at the international level such as the Financial Stability Board, the International Monetary Fund, the EU, and the multi-lateral arrangements for coordination through colleges of supervisors at the global and EU levels.