Global standards affect regulatory autonomy in a number of different domains: product technical requirements, food safety, aviation safety, environmental protection, financial regulation. Even though the EU could in theory try to compete with this process, in practice it is often de facto complying with global standards. At the same time, the EU tends to –...
Tag: <span>Maurizia De Bellis</span>
Incorporation and endorsement: the EU, transnational networks, and private financial standards
Transnational regulatory networks (such as the Basel Committee, the Financial Stability Board (FSB) and the Iosco) and private actors (such as the International Accounting Standards Board (IASB)) have long been setting global financial standards, lacking formal binding force, but often perceived as having a hard impact. The implementation of financial standards coming from transnational networks...
The Resilience of Transnational Regulatory Networks in the Age of Authoritarian Pushback
At the end of the 90s, Anne Marie Slaughter claimed transnational regulatory networks (TRNs) were an extremely promising form of global governance because of their flexibility, speed, and informality. This optimistic attitude changed in the aftermath of the global financial crisis. At the beginning of this decade, David Zaring argued that the crisis showed the...