Iris H Chiu (Dr)
University College London
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As distinguished from Financial Law
Governing finance
Financialisation and what this means
Frameworks, principles, objectives and values
The locations of power in governing finance
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Governance by public authorities
Financial stability as a public good
Through legal reforms
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Pre-emptive approach
Increasing paternalism
Expanded scope of coverage
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Extra capital charges under Basel III
Macro-prudential supervision
Increased intervention in consumer
protection
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Governing what is previously unregulated
‘More Europe’ – Moloney
EU vs national institutions
Co-governance
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Meaning
Policy measures corrective in nature?
Lack of precise objective or permanent
content
Regulation of financial sector remuneration as
example
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‘Financial stability’ as kickstarting ideological
reflections
Social utility
New discourses in governing finance needed