Soft Law and the Global Financial System

Chris Brummer is a Professor of Law at Georgetown University, Washington DC and the faculty director of the Institute for International Economic Law. He is also the project director of the Transatlantic Finance Initiative at the Atlantic Council and a senior fellow at the Milken Institute.

• Introduction: the perils of global finance; 1. Territoriality and financial statecraft; 2. The architecture of international financial law; 3. A compliance-based theory of international financial law; 4. How legitimate is international financial law?; 5. Soft law and the global financial crisis; 6. Implementing the G-20 agenda: a transatlantic case survey; 7. The future of international financial law.

Review of previous edition: 'Chris Brummer provides a detailed and informative analysis of the international regulatory response to the global financial crisis of 2008. This accomplishment alone warrants a close look at this book. But Professor Brummer goes further in this pivotal work on the law of international finance. He provides a persuasive theoretical account of international financial law. Soft Law and the Global Financial System not only describes the mechanisms of lawmaking and standard-setting for global financial markets, but also delivers a workable framework for prescribing and perhaps even perfecting the regulation of the world's most vital and volatile economic institutions.' Jim Chen, Justin Smith Morrill Chair in Law, Michigan State University