Global financial governance

The rules and norms adopted by governments, international organizations and international associations in order to regulate financial globalization and control the negative effects of financial deregulation.

An Ambiguous Concept

"The Europeans say they are united in a call for global financial governance and greater transparency. But a rift has opened up between those who seek permanent global oversight of financial transactions, and wary Anglo-Saxon governments - including above all the US administration - which fear that too much control could hamper the workings of the free market."
(Kendall, B., "Bretton Woods Two?", in BBC, visited 2010-06-10)