Description
Book SynopsisThis thought-provoking book adds a new perspective to the analysis of how regulation should respond to the global financial crisis of 2008â2009. It focuses on the âprivateâ as opposed to âpublicâ aspect of regulation, and highlights the works of the publicâprivate dialectic in regulation and enforcement.
Trade ReviewThe publication of this book could hardly be more timely; it fills a gap in present-day discussion of the reasons for the recent ongoing financial crises, and who was responsible. The balance between the governance and regulation of the international finance market underpins how securely we proceed into the future. At a time when sovereign defaults dominate public discussion, this issue is of quintessential importance. The editors are to be congratulated for this important publication. --Christoph Paulus, Humbolt University of Berlin, Germany
Table of ContentsContents: Preface Introduction 1. Private Regulation of Internationally Active Financial Services Firms 2. Private Regulation in the Credit Default Swaps Market: The Role of ISDA in the New Regulatory Scenario of CDSs 3. Private Regulation and Enforcement in Microfinance: A Multilayered and Polycentric Puzzle 4. Governing Global Payments Markets: The International Payments Framework – A New Actor on the Scene 5. The Legitimacy and Accountability of the IASB as an International Standard Setter 6. The Internal Ratings-based and Advanced Measurement Approaches for Regulatory Capital under the ‘Basel Regime’ Index
