Global Governance and Regulatory Failure The Political Economy of Banking [Hardcover]

The author provides a theoretical framework of the global political economy of banking regulation and analyses the policies and politics of the Basel Committee on Banking Supervision. He demonstrates how global governance has contributed to the onset of the Great Recession and continues to increase the likelihood of future global financial crises.1. The Great Recession, Regulatory Failure, and Global Governance 2. Global Financial Instability and the Evolution of Global Banking Regulation 2.1 Financial Stability and Banking Regulation 2.2 Evolution of the Basel Committee 3. A Theoretical Framework to Explain Influence in Global Banking Regulation: The Transnational Regulatory Regime 3.1 Influence in Global Banking Regulation 3.2 Competition State and Opportunity Structures of the Regulatory Regime 3.3 Global Governance and Opportunity Structures of the Transnational Regulatory Regime 4. Global Banking Regulation Before the Great Recession: The Global Dynamics of Basel II 4.1 An Approach to Assess Influence in the Global Political Economy 4.2 Basel II Policy Analysis 4.3 The Global Politics of the Basel II Process 4.4 Summary: Basel II, the Great Recession, and the Global Political Economy 5. Global Banking Regulation After the Great Recession: Basel III, FSB, G20 5.1 New Policies: Basel III and Global Systemically Important Banks 5.2 New Layers in the Governance Structure and the Deepening Transnational Regulatory Regime: BCBS, FSB, G20 6. Conclusion: Layers and Gaps in the Global Political Economy 6.1 Global Banking Regulation and Financial Stability 6.2 Global Financial Governance and Regulatory Reform: Diligent, but Feeble 6.3 Layers and Gaps in Governing the Global Political Economy

Global Governance and Regulatory Failure stands out from the plethora of books on financial regulation and the global financial crisis not only for the author's thorough examination of the new transnational regulatory regime, but also for his innovative and critical analyticlCs