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This book examines cooperation between the US and the EU on financial regulatory reform, notably at the outset and the first three years of the global financial crisis. It discusses the development of US-EU cooperation on financial regulation over the last few decades at several levels, including at heads of state level, markets regulator level and at international level, and progresses with a detailed examination of cooperation at the outset of the financial crisis. It looks at the nature of and motivation for intense US-EU cooperation on coordinating a response to the crisis and presents a compelling argument that a defacto alliance was formed, which served to benefit respective US and EU interests domestically and in the international financial system. Providing a new perspective on financial regulatory reform after the last financial crisis and the relationship of regulatory outcomes to international financial governance, this volume will be of use to researchers interested in transatlantic relations, financial regulation, international relations, global governance, and the European Union, as well as professionals and policymakers working in foreign relations, financial markets, or banking policy.
List of contents
Chapter 1: Introduction and Framework.- Chapter 2: Background to Transatlantic Relations.- Chapter 3: The US-EU Bilateral Intergovernmental Relationship.- Chapter 4: US-EU Cooperation in the G20 at the Outset of the Global Financial Crisis.- Chapter 5: The Role of Transgovernmental and Transnational Dialogue in Financial Markets Cooperation.- Chapter 6: Case Studies in Multilevel US-EU Policy Coordination: Credit Ratings Agencies, Accounting Standards and Credit Default Swaps Reform.- Chapter 7: The US-EU Relationship in International Forums.- Chapter 8: US-EU Cooperation on a role for the International Monetary Fund.- Conclusion.- Bibliography.
About the author
Peter O'Shea is Principal of consulting company Captcha Media (www.captchamedia.com) and Research Director and Company Secretary of Acquisdata Inc, a financial news and research publisher (www.acquisdata.com). Receiving a Phd from Monash University (Australia) and Sciences Po (France), he is also a qualified lawyer. He specializes in US-EU financial regulatory cooperation, transatlantic relations, European Union financial markets, and global financial governance.
