Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

"The Politics of Financial Regulatory Reform: Partisanship and the Privatization of Risk"

Westrup, Jonathan. (2005) "The Politics of Financial Regulatory Reform: Partisanship and the Privatization of Risk". In: UNSPECIFIED, Austin, Texas. (Unpublished)

[img] Plain Text
Download (83Kb)
    [img] Microsoft Word
    Download (127Kb)


      [From the Introduction]. Britain and Germany, two of the European Union’s largest economies, have made a radical change to their financial regulatory institutions over the past eight years. Both states have created a new single financial regulator, replacing the functional separation of responsibility between banking, securities and insurance regulators. However, the paper argues that the change was more fundamental than just a functional redesign of regulatory responsibilities but involved the replacement of a corporatist regime characterized by a high level of self-regulation, to one controlled by a new, powerful state actor and a regime that is clearly accountable to the government and parliament. Given the critical role that a financial regulator plays in a modern political economy, these new regimes can be regarded as indicating a significant change in the relationship between the two states and their financial markets. The purpose of this paper is to investigate why such a significant change has occurred in two diverse political economies.

      Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
      Social Networking:
      Item Type: Conference or Workshop Item (UNSPECIFIED)
      Uncontrolled Keywords: Financial regulation; privatization of risk.
      Subjects for non-EU documents: Countries > U.K.
      EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
      EU policies and themes > Policies & related activities > regulations/regulatory policies
      Countries > Germany
      Subjects for EU documents: UNSPECIFIED
      EU Series and Periodicals: UNSPECIFIED
      EU Annual Reports: UNSPECIFIED
      Conference: European Union Studies Association (EUSA) > Biennial Conference > 2005 (9th), March 31-April 2, 2005
      Depositing User: Phil Wilkin
      Official EU Document: No
      Language: English
      Date Deposited: 29 Mar 2005
      Page Range: p. 46
      Last Modified: 15 Feb 2011 17:25

      Actions (login required)

      View Item

      Document Downloads