Taming the Financial Beast: A Status Report of Financial Regulatory Reform in the U.S. and European Union
In the wake of the global financial crisis, the United States and the European Union have acted not only to recover from the crisis, but also to implement regulatory reforms to prevent another crisis of this magnitude in the future. The path to reform, however, has not been smooth. Political debates over fundamental issues have slowed progress toward making meaningful reform in regulating the financial sector. In Policy Report 47, former DAAD/AICGS Fellow Dr. Stormy-Annika Mildner and co-author Daniela Schwarzer discuss the progress that has been made in regulatory reform and identify areas for improvement on both sides of the Atlantic.