Regulating finance after the crisis: Unveiling the different dynamics of the regulatory process

It is now widely recognized that regulatory failures contributed to the onset of the global financial crisis. Redressing these failures has thus been a key policy priority of the post-crisis reform agenda at both the domestic and international levels. This Special Issue investigates the process of post-crisis financial regulatory reform in a number of crucial issue areas, including financial supervision, offshore financial centers and shadow banking, the financial industry’s involvement in global regulatory processes, and the links with broader economic management through macroeconomic modeling. In so doing, the Special Issue sheds light on an often understudied and undertheorized aspect in the regulation literature: the variation in the dynamics of regulatory change. Contributors examine the different dynamics of regulatory change observed post-crisis and explain variations by accounting for the interaction between institutional factors and the activities of change agents and veto players involved in the regulatory reform process.