The Basel III Accord on a ‘Global regulatory framework for more resilient banks and banking systems’ was issued in late 2010 as the cornerstone of the international regulatory response to the global financial crisis. Its adoption into European Union (EU) legislation has, however, been met with considerable member state reticence and intra-EU negotiations are ongoing. This paper investigates the political economy of new capital requirements in the EU, arguing that the institutional features of national banking sectors convincingly account for the divergence in EU member state preferences on capital rules.
Banking on Stability: The political economy of new capital requirements in the European Union / Howarth D; Quaglia L. - In: REVUE D'INTÉGRATION EUROPÉENNE = JOURNAL OF EUROPEAN INTEGRATION. - ISSN 0703-6337. - STAMPA. - 35:(2013), pp. 333-346.
Banking on Stability: The political economy of new capital requirements in the European Union
QUAGLIA, LUCIA
2013
Abstract
The Basel III Accord on a ‘Global regulatory framework for more resilient banks and banking systems’ was issued in late 2010 as the cornerstone of the international regulatory response to the global financial crisis. Its adoption into European Union (EU) legislation has, however, been met with considerable member state reticence and intra-EU negotiations are ongoing. This paper investigates the political economy of new capital requirements in the EU, arguing that the institutional features of national banking sectors convincingly account for the divergence in EU member state preferences on capital rules.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
