The UK and Multi-level Financial Regulation: From Post-crisis Reform to Brexit

The book examines the role of the United Kingdom (UK) in shaping the reform of financial regulation since the global financial crisis, and assesses the implications of the UK’s withdrawal from the European Union (EU). In particular, it examines how the UK’s regulatory preferences, its negotiating strategy, and its political influence at the international and EU levels were shaped by the interaction of three key domestic groups: elected politicians, financial regulators, and the financial industry. The book focuses on five important cases of post-crisis regulatory reform: bank capital and liquidity requirements; bank recovery and resolution rules; bank structural reforms; hedge fund regulation; and the regulation of over-the-counter derivatives. It concludes by reflecting on financial regulation after Brexit and the UK’s future relationship with the EU.