Transnational Financial Regulation after the Crisis

ISBN-13: 9780415822732 / Angielski / Miękka / 2017 / 256 str.

Tony Porter

Opis

In the early stages of the 2007/8 global financial crisis it seemed likely that the severity of the crisis could provoke dramatic changes in the architecture of global finance. However subsequently it has been challenging to interpret the regulatory response. Are there significant changes, or are we witnessing a return to the pre-crisis status quo? What accounts for change or lack of change?

This book provides a comprehensive and focused overview of the changing dynamics between public and private forms of transnational financial regulation, addressing recent and emerging trends in the wake of the Global Financial Crisis. With chapters on the International Monetary Fund, the Financial Stability Board, bank regulation, derivatives regulation, and macro-prudential regulation, the authors address five issue areas critical to gaining a broad and deep understanding of the contemporary dynamics of transnational financial regulation:

1. The trend towards or away from regulatory harmonization.
2. The problem of coordination in transnational financial regulation.
3. The agency and influence of private financial actors in the regulatory process.
4. Accountability and legitimacy in transnational financial regulation.
5. The growing complexity in transnational financial regulation.

Making a substantial conceptual and methodological contribution it will be essential reading for students and scholars of IPE, global economic governance, transnational regulation and finance.

Spis treści

Part I: Introduction and overview  1. Transnational regulatory reform after the crisis: Successful Experimentalism or Fragmented Failure? Tony Porter  Part II: Key areas of reform  2. The Managers of Information: International Organizations, Data, and Financial Stability Liam Clegg  3. New and alternative ways of regulating and shaping banks Eric Helleiner  4. Derivatives regulation Lena Rethel and Timothy J. Sinclair  5. The Politics of Constructing Macroprudential Regulatory Regimes Andrew Baker  Part III: Regional and multilevel variation  6. The US Dodd-Frank Act and international financial regulation Kathryn C. Lavelle  7. The European Union Heather McKeen-Edwards  8. The Law and Politics of the European Regulation of Credit Rating Agencies Christopher Brummer  9. Regulating the Securitization of Consumer Finance in the global South Susanne Soederberg  Part IV: Conclusion  10. Complexity and Change in Transnational Financial Regulation: Theoretical and Practical Lessons Tony Porter

O autorze

Tony Porter is Professor of Political Science at McMaster University in Hamilton, Canada. His most recent book is Transnational Financial Associations and the Governance of Global Finance: Assembling Power and Wealth (Routledge, 2013), co-authored with Heather McKeen-Edwards. His research has focused on institutional changes in transnational governance, with particular emphasis on global finance, and on the role in transnational governance of private standards and technical systems.