Reregulation and Fragmentation in International Financial Governance (Report‪)‬

Every global financial crisis generates new regulatory responses. What kinds of responses are emerging so far from the crisis that began in 2007? How are these responses similar to or different from those that followed the last major crisis of 1997-1998? Arguably this crisis marks an important turning point in the governance of international financial markets. Not only is there a significant reregulation of international financial markets by the leading Western governments, but the crisis is also unleashing centrifugal pressures that may lead toward a more decentralized and fragmented form of international financial governance over the medium term. The G7's Push for Reregulation