Book notes: Soft Law and the Global Financial System

Soft Law and the Global Financial System by Chris Brummer

Chris Brummer, Soft Law and the Global Financial System, Cambridge University Press, 2012, 308 pages

In Soft Law and the Global Financial System Chris Brummer, a law professor at Georgetown University, seeks to explain and defend the role of international standards in regulating the global financial system. Soft laws are standards such as the Basel Capital Accords, the Financial Action Task Force’s Forty Recommendations to combat money laundering, or the International Financial Reporting

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