International Regulatory Co-operation: Case Studies, Vol. 2
Canada-US Co-operation, EU Energy Regulation, Risk Assessment and Banking Supervision
The world is becoming increasingly global. This raises important challenges for regulatory
processes which still largely emanate from domestic jurisdictions. In order to eliminate
unnecessary regulatory divergences and to address the global challenges pertaining
to systemic risks, the environment, and human health and safety, governments increasingly
seek to better articulate regulations across borders and to ensure greater enforcement
of rules. But, surprisingly, the gains that can be achieved through greater co-ordination
of rules and their application across jurisdictions remain largely under-analysed. This
volume complements the stocktaking report on International Regulatory Co-operation:
Rules for a Global World by providing evidence on regulatory co-operation in the framework
of the Canada-U.S. Regulatory Cooperation Council, as part of EU energy regulation,
under the Global Risk Assessment Dialogue, and in the area of prudential regulation
of banks. The four case studies provided in this volume follow the same outline to
allow for comparison.
Published on May 13, 2013