The Role of Soft Law in the Legalization of International Banking Supervision: A Conceptual Approach
AbstractThe process of legalization and the role of international soft law in developing international banking supervisory standards are extremely important for assessing the feasibility of establishing effective international rules for banking supervision. This paper analyses the concept of legalization at the international level and how it may be applied to the development of international 'soft law' principles and rules that shape and constrain state behaviour in international banking supervision. Legalization includes a wide range of normative and institutional arrangements, from binding 'hard' law through various forms of non-binding soft law rules, to arrangements that share some characteristics of hard law but are not legally binding, though they have a normative impact on state practice. An analysis of the concept of legalization is necessary for determining whether non-binding international rules can be effective in reducing systemic risk in the international financial system.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp168.
Date of creation: Jun 2000
Date of revision:
Contact details of provider:
Web page: http://www.cbr.cam.ac.uk/
International Baking Law; International Financial Markets; International Economic Order; Banks; International Policy Coordination And Transmission;
Find related papers by JEL classification:
- K29 - Law and Economics - - Regulation and Business Law - - - Other
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If references are entirely missing, you can add them using this form.