Recent global and regional developments as well as the increasing volatility and unpredictability in global affairs have had implications for the relations between Asia and the European Union. The global power is gradually and partially shifting to the East. This is also the case for financial services, where various Asian countries, particularly China, India and Japan, increasingly play a role at the global stage. This book chapter assesses the EU-Asia multilateral financial services cooperation.
Willem Pieter De Groen is Research Fellow and Head of Financial Markets and Institutions Unit at CEPS and Bas Hooijmaaijers is Assistant Professor and Chenhui Research Fellow at the School of Advanced International and Area Studies, East China Normal University.
This chapter was originally published as part of a book on "Multilateralism In A Changing World Order", which sheds light on how different forms and patterns of multilateralism are evolving in the current international order. Experts from across Asia and Europe examine multilateralism at work and deliberate on what kind of multilateral collaboration can be expected in selected policy fields. The book is available on this webpage.