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3 - Banking, Global Oversight’s Ne Plus Ultra

Published online by Cambridge University Press:  22 November 2019

David Zaring
David Zaring
Affiliation:
University of Pennsylvania
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Summary

The Basel Committee is the quintessential regulatory network. It has accomplished much through its specific and rigorous rules on capital adequacy, and yet those rules are nothing more than soft law, as Basel’s principals reiterate. Much of the change over time that has characterized the way the Basel Committee acts reflects an evolution towards bureaucratic governance, rather than the development of a unique and different form of cross-border governmental oversight.

Keywords

Basel Committee on Banking SupervisionFinancial Regulation
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The Globalized Governance of Finance , pp. 46 - 61
Publisher: Cambridge University Press
Print publication year: 2019

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