Transnational Financial Regulation After the Crisis

Compartir en:

Porter, Tony

(0 Comentarios)
Comenta y valora este libro

pvp.42,15 €

Sin Stock. Posibilidad entre 11 y 20 dias

ISBN:9780415822732
Editorial: Routledge
Fecha de la edición:2017
Encuadernación:
Nº Pág.:256
Idiomas:Ingles,Inglés

Materias:

/ Sistema Financiero

The global financial crisis that began in 2007 was the most destructive since the 1930s. The rapid spread of the crisis across borders and the complexity of these cross-border linkages highlighted the importance for authorities of working together in responding to the crisis. The transnational response relied heavily on a set of relatively informal transnational regulatory groupings that had been constructed over previous decades. During the crisis these arrangements were made stronger and more inclusive, but they remain very complex. Thousands of pages of new rules have been created by various transnational bodies, and the implementation of these rules relies heavily on domestic law and regulation and private rules and practices. This book analyses this complex response, showing that its overly technical and incremental character, the persistence of tensions between transnational processes and state-centred politics, and the on-going power of private actors, have made the regulatory response fall short of what is needed.