In a seminar on 20 June, current P.R.I.M.E. Finance Fellow, Cally Jordan, will argue that the formal regulation of financial markets is supported by a body of strong and persistent lex mercatoria, a rarely acknowledged but powerful undercurrent in finance.
About the Seminar
This seminar examines the relationship between international financial standards and the reality of international finance.
First of all, conceptual problems reveal profoundly different patterns of legal thought cutting across national boundaries. Secondly, recent experience, over the past decade, with international financial standards both as diagnostic and prophylactic tools, has been decidedly mixed. Thirdly, international financial standards appear strangely remote from the daily grind of international commercial practice, where they are largely unknown. But perhaps in this disconnect lies clues to important normative forces at work in international finance.
The proposition put forward is that the formal regulation of financial markets is supported by a body of strong and persistent lex mercatoria, a rarely acknowledged but powerful undercurrent in finance. Is it possible that the global financial crisis represented not only a failure of formal, state-led regulation, as it surely did, but also a breakdown of a lex mercatoria of finance?
About the Speaker
Cally Jordan is Professor of Law at the University of Melbourne, and she is the NIAS-P.R.I.M.E Finance Fellow 2012/13. This new Co-sponsored Fellowship is aimed at stimulating advanced research in the field of dispute resolution and arbitration in complex financial issues.
About NIAS Seminars
NIAS Seminars are organised by the Rector of the Institute. They are meant to appeal to interested parties from a wide range of backgrounds and are aimed to encourage closer contact within the Dutch academic world.
NIAS Seminars take place in the Lecture Room (NIAS, Meijboomlaan 1, Wassenaar, telephone 070-512 27 00). This Seminar starts at 11.00 hours and ends at 12.30. Everyone is welcome to attend the seminar and join the discussion. However, since changes in the programme may occur, please let us know if you wish to attend. For further information, contact Communication.