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Financial Services Governance in the European Union (EU)

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Handbook of Economic Sociology for the 21st Century

Part of the book series: Handbooks of Sociology and Social Research ((HSSR))

Abstract

This chapter examines financial services governance in the European Union (EU). This topic is important for three main reasons: the EU is one of the largest jurisdictions worldwide; to a large extent, EU rules provide the framework for financial regulation in the member states; and the EU undertook major regulatory reforms in various segments of the financial sector after the crisis. This chapter begins with a literature review of the main theoretical approaches that have been used to explain financial services governance in the EU. It then gives an overview of financial market regulation in the EU prior to the global financial crisis, which is followed by an outline of the regulatory changes enacted after the crisis. This is followed by a discussion of the Banking Union, the Capital Markets Union and Brexit.

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Authors and Affiliations

  1. University of Bologna, Bologna, Italy

    Lucia Quaglia

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  1. Lucia Quaglia
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Correspondence to Lucia Quaglia .

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Editors and Affiliations

  1. FB IV - Soziologie, Universitat Trier, Trier, Rheinland-Pfalz, Germany

    Andrea Maurer

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Quaglia, L. (2021). Financial Services Governance in the European Union (EU). In: Maurer, A. (eds) Handbook of Economic Sociology for the 21st Century. Handbooks of Sociology and Social Research. Springer, Cham. https://doi.org/10.1007/978-3-030-61619-9_13

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  • DOI: https://doi.org/10.1007/978-3-030-61619-9_13

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-61618-2

  • Online ISBN: 978-3-030-61619-9

  • eBook Packages: Social SciencesSocial Sciences (R0)

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