Financial Private Regulation and Enforcement
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Description
The topic of financial private regulation and enforcement concerns the activities of private firms in the financial sector which are involved in cross-border activities – Citigroup, Bank of America, HSBC, UBS, JPMorgan Chase, RBS, BNP Paribas, Barclays, Morgan Stanley, Goldman Sachs, Deutsche Bank, HBOS, Société Générale, Banco Santander, American Express, Nomura, and so on. For convenience of reference, I will refer to this type of organization as an ‘internationally active financial services firm’ (IAFSF). This chapter will categorize different types of private regulation and enforcement applicable to IAFSFs and then offer some tentative thoughts about the underlying forces that may determine the phenomena under observation, with special reference to the HiiL Concept Paper, ‘The Added Value of Private Regulation in an Internationalised World? Towards a Model of the Legitimacy, Effectiveness, Enforcement and Quality of Private Regulation’. The principal subject of investigation will be the activities of IAFSFs under US law, but attention will be given to international standards and regulations as well.
Source Publication
Enforcement of Transnational Regulation: Ensuring Compliance in a Global World
Source Editors/Authors
Fabrizio Cafaggi
Publication Date
2012
Recommended Citation
Miller, Geoffrey P., "Financial Private Regulation and Enforcement" (2012). Faculty Chapters. 2013.
https://gretchen.law.nyu.edu/fac-chapt/2013
