Revisiting the UK and Ireland’s Transatlantic Economic Relationship with the United States in the 21st Century pp 121-139 | Cite as
Albion’s Global Reach: British Influences on US and EU Financial Regulation in the 1980s and the Era of the ‘Great Recession’
Abstract
Keating and Suprise go even further in the same vein. Focusing on two specific periods, they contend that rather than being a follower, the UK played the role of a trend setter in the field of finance by having a determinant influence on regulatory reform. In the 1980s, deregulation in the finance field was on the agenda both in the USA and in the UK, but the latter spearheaded the effort in that direction. The severity of the 2007 financial crisis prompted the need to introduce a degree of re-regulation. Keating and Suprise provide further evidence of the influence the UK exerted on the European Union regulatory reform agenda.
Keywords
European Union Financial Service Regulatory Reform Retail Investment Financial Service AuthorityBibliography
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