In Soft Law and the Global Financial System: Rule-Making in the Twenty-First Century (2011), Christopher J. 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.
Thursday, January 12, 2012
Jim Chen, Book Review, Soft Law and the Global Financial System: Rule-Making in the Twenty-First Century, 26 Emory Int'l L. Rev. (forthcoming 2012) (available at http://ssrn.com/abstract=1944294):