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Financial Regulation after the Global Financial Crisis

Edited by Tony Porter

To Be Published December 30th 2013 by Routledge – 240 pages

Series: Routledge/RIPE Studies in Global Political Economy

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  • Paperback: $39.95
    978-0-415-82273-2
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  • Hardback: $135.00
    978-0-415-82268-8
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Description

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.

Contents

Part I: Introduction and overview Post-Crisis Transnational Financial Regulation and Complexity in Global Governance Tony Porter, McMaster University Part II: The Politics of Systemic Stability Transnational Technocracy and the Macroprudential ParadoxAndrew Baker, Queen’s University Belfast The Managers of Information: International Organizations, Data, and Financial Stability Liam Clegg, University of York and Manuela Moschella, University of Bologna Bank Regulation after the Global Financial Crisis Lena Rethel, Warwick University The Transnational Regulation of Financial Inclusion: A Historical Materialist Critique of the G20 Principles Susanne Soederberg, Queen’s University (Kingston) Part III: Dimensions of Complexity Implementing the Volcker Rule in National and International Politics Kathryn C. Lavelle, Case Western University Towards Cooperative Decentralization? The Post-Crisis Governance of OTC Derivatives Eric Helleiner, University of Waterloo The New Politics of Transatlantic Credit Rating Agency Regulation Christopher Brummer, Georgetown University Law Center and Rachel Loko, Allen & Overy Conflicting Trends and Tensions in Post-Crisis Transnational Accounting Standards Malcolm Campbell-Verduyn, McMaster University Part IV: Conclusion Complexity and Change in Transnational Financial Regulation: Theoretical and Practical Lessons Tony Porter, McMaster University

Author Bio

Tony Porter is a Professor in the Department of Political Science and Associate Dean of Graduate Studies and Research at McMaster University, Canada.

Name: Financial Regulation after the Global Financial Crisis (Hardback) – Routledge 
Description: Edited by Tony Porter. 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...
Categories: International Political Economy, Political Economy, Global Governance, Finance, Politics & International Relations, International Organizations, International Relations, Globalization