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The recent financial crisis has generated agreement on the need for new transnational standards for financial regulation. When governments work together to develop transnational standards and rules they do so using processes which are not uniform, which often seem to develop in an ad hoc manner,...
Persistent link: https://www.econbiz.de/10013122506
The Lisbon Treaty came into force in the European Union as the global financial crisis developed into a European sovereign debt crisis. Transparency is a component of accountability, and a means of addressing the EU's democratic deficit. The Lisbon Treaty established a new commitment to...
Persistent link: https://www.econbiz.de/10013104604
Many of the main actors constructing financial regulation in the wake of the global financial crisis era have a stated commitment to transparency. However, transparency in financial regulation is undermined because the information disclosed is simultaneously limited and excessive. On one hand,...
Persistent link: https://www.econbiz.de/10012922779
Self-regulation should involve expertise, and efficiency, and may work better across national borders than legal regulation anchored to a particular national legal system. On the other hand, self-regulation may be self-interested regulation. The paper describes recent changes in financial...
Persistent link: https://www.econbiz.de/10012741121
Many of the main actors constructing financial regulation in the wake of the global financial crisis era have a stated commitment to transparency. However, transparency in financial regulation is undermined because the information disclosed is simultaneously limited and excessive. On one hand,...
Persistent link: https://www.econbiz.de/10014172346
The global financial crisis renders visible and urgent a perennial (although often ignored) tension in financial regulation with respect to the extent to which governments should intervene to fix the financial markets. Because the maintenance of confidence is at the heart of much financial...
Persistent link: https://www.econbiz.de/10014201196
Focusing on the consumer's role in EU decision-making illuminates the tension between a model of supranational rule-making as an expertised, technocratic, administrative domain, and a model of regional integration as an extension of domestic democratic politics. The European project for internal...
Persistent link: https://www.econbiz.de/10014218150