This book investigates the intersection between the development of Economic and Monetary Union (EMU) and the creation of a unified market for financial services within the European Community. John A. Usher, a recognized authority on European law, examines the institutional and legal frameworks that emerged following the 1999 monetary union. The text synthesizes complex Community legislation and evolving case law to provide a comprehensive legal analysis of how financial services are regulated within the European Union structure.

Legal scholars and practitioners frequently cite this work as a foundational text for understanding the regulatory evolution of European financial markets. Readers often note the high density of the prose, which is tailored for those requiring a rigorous academic examination of European Union law.