The article displays the ranking of the European Union, as a unique political body, in the formation of the multilevel system of global financial governance. Respective interactions of the EU with the G20, the IMF and the Financial Stability Board are explored. The notion of transnational spaces is employed to study the emergence, beyond national frameworks, of new centers of decision-making and decision-taking, in which national governments and regulators still participate. The analysis of the European institutions enhancing their standing in the world affairs by implementing global-level financial decisions completes the picture.