ABSTRACT

Since the 2008 financial crisis, the governance of financial markets has received increasing attention. Calls for stronger control have included proposals for an international organization with the authority to enforce regulations in countries that are finding themselves more and more interdependent. Reality today looks quite different though. International financial regulation (IFR) is taking place in a network of informal transnational bodies without significant authority and national actors that concede little power to the international level. Nevertheless, in many instances IFR does transcend the national realm. The chapter explores how these cases can be viewed from a transregional perspective.