Description
Book SynopsisSinger provides both a theory of the effects of domestic pressures on international regulation and a detailed analysis of regulators' attempts at international rulemaking in banking, securities, and insurance.
Trade ReviewDavid Andrew Singer focuses on the financial regulatory process in major industrial countries; the tensions between regulatory prudence and international competitiveness; the constant possibility of a legislative intervention, especially after financial crises; and the efforts by national regulators to preserve their autonomy through, paradoxically, the international negotiation of common norms. He discusses well the attempts of major countries over the past two decades to frame common positions, which were partially successful in the case of banking, less so for the securities and insurance industries.
* Foreign Affairs *
Singer offers a refreshing approach to the analysis of regulatory issues in international financial markets. Recommended.
* Choice *
Table of Contents1. Introduction: Financial Regulators and International Relations2. Capital Regulation: A Brief Primer3. Regulators, Legislatures, and Domestic Balancing4. Banking: The Road to the Basel Accord5. Securities: Financial Instability and Regulatory Divergence6. Insurance: Domestic Fragmentation and Regulatory Divergence7. Conclusion: The Future of International Regulatory HarmonizationNotes
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