This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...

The discussion on the supranational governance in relation to the European Union proves that the supranational solutions pose a real challenge that the EU must face in the globalized world. Increasingly dynamic debate on the more universal term of global governance also supports this opinion.