Transgovernmental Networks as Regulatory Intermediaries

This article explores and elucidates the activities of transnational networks as regulatory intermediaries. Specifically, I examine their role in the regulation of banks, as far as they facilitate exchanges between global regulators (GRs)—such as the Basel Committee on Banking Supervision or the Financial Stability Board—and local regulators (LRs), such as national regulatory agencies or legislatures. I find that transgovernmental network intermediaries produce benefits both for GRs, which employ them to disseminate their rules; and for LRs, which use them to obtain influence, advice, and information. Networks promote collaborative intermediation horizontally, without compromising sovereignty, and require only soft organizational structures with low operational costs. Network intermediation is a key ingredient in facilitating local regulatory activities and in providing tools and cognitive resources to LRs. Network intermediaries blur the global-local boundary, however, as some of their members operate as LRs and simultaneously participate directly in GRs..

Medienart:

Artikel

Erscheinungsjahr:

2017

Erschienen:

2017

Enthalten in:

Zur Gesamtaufnahme - volume:670

Enthalten in:

The annals of the American Academy of Political and Social Science - 670(2017), 1, Seite 245-262

Sprache:

Englisch

Beteiligte Personen:

Jordana, Jacint [VerfasserIn]

Links:

Volltext
journals.sagepub.com
search.proquest.com

BKL:

70.00

89.00

70.00 / Sozialwissenschaften allgemein: Allgemeines / Sozialwissenschaften allgemein: Allgemeines

89.00 / Politologie: Allgemeines / Politologie: Allgemeines

Themen:

Banking industry
Regulation of financial institutions

RVK:

RVK Klassifikation

doi:

10.1177/0002716217694591

funding:

Förderinstitution / Projekttitel:

PPN (Katalog-ID):

OLC1993351299