Journal of Jishou University(Social Sciences)

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On TRNs’ Promotion of Global Financial Regulatory System

WANG Ping   

  1. (School of Law,Wuhan University,Wuhan 430072,China)
  • Online:2016-03-01 Published:2016-04-28

Abstract:

It is an effective way for many countries to construct financial regulatory systems to deal with subprime crisis.Transnational Regulatory Networks (TRNs),as an important force in global financial governancetogether with international treaties and international organizations,is playing an increasingly active role in promoting politics of deformalization of international law,optimizing financial regulatory systems,and enhancing global cooperation to deal with financial crisis.Based on negotiation and characterized by flexibility,expertise and promptness,rules of TRNs usually are well obeyed for the sake of political factors and state interests,though distributive and enforcement problems still exist.

Key words: TRNs, financial deformalization of international law, structure of financial regulation, global governance

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