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The changing geography of finance and regulation in Europe

This book contains the proceedings of the conference ‘The Changing Geography of Finance and Regulation in Europe’, which was held at the EUI in Florence, Italy, on 27 April 2017. The conference was conveyed...


The US system for addressing bank misconduct through fines delivers a number of lessons for the EU with regard to the design of bank enforcement architecture and the need to develop common approaches across national and EU levels with a view to avoiding regulatory arbitrage. Following the crisis, the highest money penalties imposed on banks in the US related to mis-selling of financial products – a criminal offence falling under the remit of Department of Justice – rather than to breaches of prudential supervisory requirements.

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