Web Exclusive: Read Professor Pistor's full articles on the global financial system
See her additional articles for VoxEU:
Multiple Tiers of Financial Governance Networks, March 3
"The new governance regime for the global financial market place I propose comprises of multiple, decentralized, yet inter-linked, governance networks with membership based on risk rather than region."
Reforming the Financial System: Beyond Standardization on "Best Practice" Models, February 2
"Regulation designed to prevent future crises will by definition conflict with the incentives of self-interested market participants. Insisting that this is market ‘distorting’ misses the very purpose of regulation."