Basel Committee on Banking Supervision: An Assessment of Governance and Legitimacy- Part II

Erscheinungsjahr 2016
ISBN: 978-90-04-33719-0
Verlag: Brill

Buch, Englisch, 66 Seiten, Format (B × H): 157 mm x 236 mm, Gewicht: 295 g

Reihe: Brill Research Perspectives in International Law / Brill Research Perspectives in International Banking and Securities Law

Part I of this project overviewed the literature on the Basel Committee of Banking Supervision (BCBS) and provided a primer on the Committee’s governance and functions. It also engaged with the current theories on legitimacy and discussed what legitimacy meant for the global governance of banking and how it could be assessed. This part investigates the BCBS’s governance, operation, and policy outcomes to determine the extent to which it is and has been legitimate. The assessment is conducted based on three principles of reasoned decision making, transparency, and accountability. Maziar Peihani argues that the BCBS has gradually become a more legitimate institution but there still exists significant room for improvement. He highlights a number of areas for reform and sets out policy prescriptions to enhance the BCBS’s legitimacy.

Autoren/Hrsg.

Peihani, Maziar

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Rechtswissenschaften Wirtschaftsrecht Bank- und Versicherungsrecht Bank-, Sparkassen- und Börsenrecht
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Über Autor(innen)

Maziar Peihani, Ph.D. (2015), University of British Columbia, is a post-doctoral fellow with the International Law Program at the Centre for International Governance Innovation. He has published on law and regulation of banking, including a recent paper on bank resolution in the Annual Insolvency Law Review (2016).