2023
DOI: 10.17645/pag.v11i2.6272
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Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking

Abstract: This article shows that the EU has exerted uneven influence within the global regime complex in shadow banking. Why? We seek to explain the variation in the EU’s ability to exert influence across different elemental regimes—those on hedge funds and securitization—in the broader regime complex over time. In hedge funds regulation, the EU has pursued more stringent international rules, to no avail. In securitization, the EU has been more successful in promoting more lenient regulation at the international level.… Show more

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Cited by 5 publications
(2 citation statements)
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“…The contribution thus highlights the potential use of bilateral venues such as PTAs as a response to regime complexity. Dikaios and Blavoukos (2023) look at how the EU advances climate change mitigation measures in the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO)-two constitutive fora of the international transport regime complex. They find that the EU's actions in ICAO not only contributed to an agreement on an emissions offsetting mechanism in that forum but also helped create a favourable context for the negotiations on a climate agreement in IMO.…”
Section: Objectives and Contributions Of The Thematic Issuementioning
confidence: 99%
“…The contribution thus highlights the potential use of bilateral venues such as PTAs as a response to regime complexity. Dikaios and Blavoukos (2023) look at how the EU advances climate change mitigation measures in the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO)-two constitutive fora of the international transport regime complex. They find that the EU's actions in ICAO not only contributed to an agreement on an emissions offsetting mechanism in that forum but also helped create a favourable context for the negotiations on a climate agreement in IMO.…”
Section: Objectives and Contributions Of The Thematic Issuementioning
confidence: 99%
“…Although, and after heated negotiations, the IMO did adopt the Initial Strategy on Reduction of Greenhous Gas Emissions From Ships in 2018, the progress that has been made, namely the emissions reduction, is still limited (Dikaios, in press;Dikaios & Blavoukos, 2023). Conversely, the projections for shipping emissions seem to be heading towards a surge in the coming years, first, as it is expected that the transportation of goods will be expanded and, second, as no agreement on legally binding rules or technological developments on how the transition will take place has been put in place.…”
Section: Introduction and Contextmentioning
confidence: 99%