A Perceived Trend in Modern International Financial Regulation: Increasing Reliance on a Public-Private Partnership

Authors

Joseph J. Norton, Southern Methodist University, Dedman School of LawFollow

Abstract

This article examines the trend of increased involvement by the private sector in the area of international banking regulation and supervision. The analysis centers on an evolving "public-private partnership" among governments, banking authorities, and large and complex banking organizations. Topics addressed in the article include the evolution of risk-focused bank supervision, the parameters and dynamics of the partnership between elite banks and governments, and qualified self-regulation by the elite banking community. The author also provides concluding observations on the challenges of elite bank risk-focused supervision and examination and raises the question of whether international regulators and banks are up to the task of their newfound partnership.

Publication Title

International Lawyer

Document Type

Article

Keywords

international financial regulation, public-private partnership, globalization, private governance, large and complex banking organizations, LCBO, elite banks, global financial markets

Recommended Citation

Joseph J. Norton, A Perceived Trend in Modern International Financial Regulation: Increasing Reliance on a Public-Private Partnership, 37 Int'l L 43 (2003)