International Banking Standards, Private Law, and the European Union

TY - CHAP

T1 - International Banking Standards, Private Law, and the European Union

AU - Wouters, Jan

AU - Odermatt, Jed

PY - 2016/3/17

Y1 - 2016/3/17

N2 - This chapter seeks to provide an insight into the dynamics that take place between the EU and international standard-setting bodies, by first examining some of the features of global financial regulation which make it a unique area of global governance, then by investigating the wide variety of norm-generating bodies that are active in the field of banking and financial regulation, and the extent to which the EU is represented in these bodies. It then discusses the extent to which these bodies have influenced EU regulation in practice, focusing on the Union’s main regulatory efforts since the crisis. These reforms have been highly influenced by non-binding commitments made in informal bodies at the international level.

AB - This chapter seeks to provide an insight into the dynamics that take place between the EU and international standard-setting bodies, by first examining some of the features of global financial regulation which make it a unique area of global governance, then by investigating the wide variety of norm-generating bodies that are active in the field of banking and financial regulation, and the extent to which the EU is represented in these bodies. It then discusses the extent to which these bodies have influenced EU regulation in practice, focusing on the Union’s main regulatory efforts since the crisis. These reforms have been highly influenced by non-binding commitments made in informal bodies at the international level.

U2 - 10.1093/acprof:oso/9780198744566.003.0009

DO - 10.1093/acprof:oso/9780198744566.003.0009

M3 - Book chapter

SN - 9780198744566

BT - Private Law in the External Relations of the EU

A2 - Cremona, Marise

A2 - Micklitz, Hans-W.

PB - Oxford University Press

CY - Oxford, UK

ER -