Taming the Financial Beast: A Status Report of Financial Regulatory Reform in the U.S. and European Union

Stormy-Annika Mildner

Federation of German Industries

Stormy-Annika Mildner a Geoeconomics Non-Resident Senior Fellow at AICGS. She is Sherpa of the Business 20 (B20), the official Engagement Partner of the German G20 Presidency and Head of the External Economic Policy Department at the Federation of German Industries (BDI).

Policy Report 47

In the wake of the global financial crisis, the United States and the European Union have acted not only to recover from the crisis, but also to implement regulatory reforms to prevent another crisis of this magnitude in the future. The path to reform, however, has not been smooth. Political debates over fundamental issues have slowed progress toward making meaningful reform in regulating the financial sector. In Policy Report 47, former DAAD/AICGS Fellow Dr. Stormy-Annika Mildner and co-author Daniela Schwarzer discuss the progress that has been made in regulatory reform and identify areas for improvement on both sides of the Atlantic.

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The views expressed are those of the author(s) alone. They do not necessarily reflect the views of the American Institute for Contemporary German Studies.