CGG Lecture S
eries: Contestation, Knowledge, Practice: Contributions to the Debate in Global Governance, Constitutionalism and World Society
Mi. 17. Dezember 2014, 18:00 c.t. Uhr
ESA-1, Hörsaal C, Edmund-Siemers-Allee-1
New Approaches to International Financial Regulation:
What Legal Scholars and Policymakers Can Learn from
Critical and Anthropological Studies of Knowledge,
Contestation and Practice
Professor Annelise Riles, Cornell University Law School, USA
What has happened to scholarship on international financial regulation since the global financial crisis? This paper maps out core debates suggestive of the new intellectual terrain that emerged out of the global financial meltdown. I argue that the old-consensus in neoclassical economic theory has given way to a new mainstream institutionalist legal literature, which I term the Reformist approach. This post-crisis shift of focus parallels developments in the fields of international political economy, and law and development. I argue that this Reformist literature could benefit from further engagement with what I term the “New Approaches” literature in international legal theory and in the anthropology and social studies of finance.
Annelise Riles is the Jack G. Clarke Professor of Law in Far East Legal Studies and Professor of Anthropology at Cornell, and she serves as Director of the Clarke Program in East Asian Law and Culture. Her work focuses on the transnational dimensions of laws, markets and culture across the fields of comparative law, conflict of laws, the anthropology of law, public international law and international financial regulation. Her most recent book, Collateral Knowledge: Legal Reasoning in the Global Financial Markets (Chicago Press 2011) is based on ten years of fieldwork among regulators and lawyers in the global derivatives markets. Her recently published article Managing Regulatory Arbitrage: A Conflict of Laws Approach in the Cornell International Law Journal in June 2014 explores what conflict of laws can contribute to global financial regulation.