Transgovernmental networks as regulatory intermediaries: horizontal collaboration and the realities of soft power

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• dc.contributor.author Jordana, Jacint
• dc.date.accessioned 2020-05-15T08:25:51Z
• dc.date.available 2020-05-15T08:25:51Z
• dc.date.issued 2017
• dc.description.abstract This article explores and elucidates the activities of transnational networks as regulatory intermediaries. Specifically, I examine their role in the regulation of banks, as far as they facilitate exchanges between global regulators (GRs)—such as the Basel Committee on Banking Supervision or the Financial Stability Board—and local regulators (LRs), such as national regulatory agencies or legislatures. I find that transgovernmental network intermediaries produce benefits both for GRs, which employ them to disseminate their rules; and for LRs, which use them to obtain influence, advice, and information. Networks promote collaborative intermediation horizontally, without compromising sovereignty, and require only soft organizational structures with low operational costs. Network intermediation is a key ingredient in facilitating local regulatory activities and in providing tools and cognitive resources to LRs. Network intermediaries blur the global-local boundary, however, as some of their members operate as LRs and simultaneously participate directly in GRs.
• dc.description.sponsorship The author acknowledges the supportive funding by the Spanish Ministry of Economy and Competitiveness (project CSO2012-39693, The Political Economy of Regulatory Agencies).
• dc.format.mimetype application/pdf
• dc.identifier.citation Jordana J. Transgovernmental networks as regulatory intermediaries: horizontal collaboration and the realities of soft power. Ann Am Acad Pol Soc Sci. 2017;670(1):245–62. DOI: 10.1177/0002716217694591
• dc.identifier.doi http://dx.doi.org/10.1177/0002716217694591
• dc.identifier.issn 0002-7162
• dc.identifier.uri http://hdl.handle.net/10230/44584
• dc.language.iso eng
• dc.publisher SAGE Publications
• dc.relation.ispartof Ann Am Acad Pol Soc Sci. 2017;670(1):245-62
• dc.relation.projectID info:eu-repo/grantAgreement/ES/3PN/CSO2012-39693
• dc.rights Jordana, Jacint, Transgovernmental networks as regulatory intermediaries: horizontal collaboration and the realities of soft power, The Annals of the American Academy of Political and Social Science (Volume: 670 issue: 1) pp. 245-262. Copyright © 2017 SAGE Publications. DOI: 10.1177/0002716217694591.
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Independent regulatory agencies
• dc.subject.keyword Banking regulation
• dc.subject.keyword Regional integration
• dc.subject.keyword Global finance
• dc.subject.keyword Transnational networks
• dc.subject.keyword Regulatory intermediaries
• dc.title Transgovernmental networks as regulatory intermediaries: horizontal collaboration and the realities of soft power
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/acceptedVersion