Banking regulation and globalization / Andreas Busch.

Includes bibliographical references (pages 257-278) and index.

Introduction: Globalization and state capacity -- The state and regulation of the banking sector -- The United States: Deadlock through fragmentation -- The Federal Republic of Germany: Keeping the state at arm's length -- The United Kingdom: Late codification, early reform -- Switzerland: High risks, joint responsibilities -- State and banking regulation in comparative perspective -- Conclusion: National institutions as filters of globalization.

"How far does globalization erode the nation state's capacity to act? How does government action change under conditions of globalization? It is questions like these that this book addresses in seeking to contribute to the debate on whether globalization leads to policy convergence. More specifically, the book contains detailed empirical case studies of four countries (the United States, the United Kingdom, Germany, and Switzerland) in a policy area where state action has been particularly challenged by the emergence of world-wide, around-the -clock financial markets in the last few decades, namely that of the regulation and supervision of the banking industry."--Back cover.