About this ebook
This book examines the transnational response that 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 ongoing power of private actors, have made the regulatory response fall short of what is needed.
Transnational Financial Regulation after the Crisis
provides new insights that are relevant for theory and practice, not only for transnational financial regulation, but for global governance more generally.About the author
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.
