OUR STORE IS CLOSED ON ANZAC DAY: THURSDAY 25 APRIL

Close Notification

Your cart does not contain any items

Civil Society and Financial Regulation

Consumer Finance Protection and Taxation after the Financial Crisis

Lisa Kastner

$83.99

Paperback

Not in-store but you can order this
How long will it take?

QTY:

English
Routledge
12 December 2019
"Coalitions of consumer groups, NGOs, and trade unions have traditionally been considered politically weak compared to well-organized and resourceful financial sector groups which dominate or ""capture"" financial regulatory decisions. However, following the 2008 financial crisis, civil society groups have been seen to exert much more influence, with politicians successfully implementing financial reform in spite of industry opposition.

Drawing on literature from social movement research and regulatory politics, this book shows how diffuse interests were represented in financial regulatory overhauls in both the United States (US) and the European Union (EU). Four cases of reform in the post-crisis regulatory context are analyzed: the creation of a new Consumer Financial Protection Bureau in the US; the introduction of new consumer protection regulations through EU directives; the failure of attempts to introduce a financial transaction tax in the US; and the agreement of 11 EU member states to introduce such a tax. It shows how building coalitions with important elite allies outside and inside government helped traditionally weak interest groups transcend a lack of material resources to influence and shape regulatory policy.

By engaging with a less well-known side of the debate, it explains how business power was curbed and diverse interests translated into financial regulatory policy."

By:  
Imprint:   Routledge
Country of Publication:   United Kingdom
Dimensions:   Height: 234mm,  Width: 156mm, 
Weight:   453g
ISBN:   9780367887209
ISBN 10:   0367887207
Series:   RIPE Series in Global Political Economy
Pages:   198
Publication Date:  
Audience:   College/higher education ,  Primary
Format:   Paperback
Publisher's Status:   Active

Lisa Kastner is a policy advisor at the Foundation for European Progressive Studies in Brussels and associated research fellow at Sciences Po Paris. Her research on the politics of financial markets in the US and the EU was awarded the Research Award by the Erasmus academic network on Parliamentary Democracy in Europe (PADEMIA) and the Otto Hahn Medal of the Max Planck Society.

Reviews for Civil Society and Financial Regulation: Consumer Finance Protection and Taxation after the Financial Crisis

Who would have thought that the financial industry sometimes has to cave in to civil society groups? In her David-against-Goliath account, Kastner does not downplay the lobbying power of the financial sector, but establishes that finance has moved from a back-room expertise to normal politics. A must-read for anybody interested in the politics of financial regulation. -Cornelia Woll, Professor of Political Sciences, Sciences Po, France


See Also