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Soft Law and the Global Financial System

Chris Brummer




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 | #1003979 in eBooks |  2011-12-15 |  2011-12-15 | File type: PDF

|| |"In the wake of the worst global financial crisis since the Great Depression, academics, policymakers, and the public at large have been grappling with what went wrong and how to fix the financial system going forward. In Soft Law and the Global Financial Syst

The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood. Because international financial rules are expressed through informal, non-binding accords, scholars tend to view them as either weak treaty substitutes or by-products of national power. Rarely, if ever, are they cast as independ...

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