From Independence to Politics in Financial Regulation — The Harvard Law School Forum on Corporate Governance

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Excerpt:  But after the 2007-08 crisis, this Article argues, the independent agency paradigm is under attack. To monitor financial institutions more thoroughly and address future failures more effectively, the U.S. and other industrialized nations redesigned the framework of financial regulation. Post-2008 laws allocate new powers not to independent bureaucrats, but to elected politicians and their direct appointees.

To document this global paradigm shift, the Article examines the laws of fifteen key jurisdictions for international banking: the U.S., the U.K., France, Germany, Japan, Spain, Switzerland, Belgium, Ireland, Italy, Denmark, Canada, Australia, Mexico, and South Korea

Read full article via From Independence to Politics in Financial Regulation — The Harvard Law School Forum on Corporate Governance and Financial Regulation.

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