Publications Working Papers Recent Developments in Regulation in the Light of the Global Financial Crisis Recent Developments in Regulation in the Light of the Global Financial Crisis Implications for Developing Countries
- Overview
This paper describes and evaluates the main regulatory changes that have been carried out in response to the financial crisis via Basel 3, the US Dodd Frank Bill and other initiatives, with the goal of drawing policy implications for emerging market and middle income developing country financial regulators and policy-makers.
Background note prepared for the IPD, UN DESA, Ford Foundation and FEPS Inter-Regional Workshop “Managing the Capital Account and Regulating the Financial Sector- A Developing Countries Perspective” in Rio de Janeiro on the 23rd and 24th of August 2011.
About the Authors
Stephany Griffith-Jones
Financial Markets Program Director
Initiative for Policy Dialogue
Stephany Griffith-Jones is Financial Markets Program Director at IPD, as well as an economist whose areas of expertise include global capital flows to emerging markets and international financial reform; macro-economic management of capital flows in Latin America, Eastern Europe and sub-Saharan Africa; and international financial reform with special emphasis on regulation (Basel II, hedge funds and derivatives). Prior to joining IPD, Professor Griffith-Jones was Professorial Fellow at the Institute of Development Studies at University of Sussex and served as Senior Official at the United Nations Department of Economic and Social Affairs and the Economic Commission of Latin America (ECLAC), and as Head of International Finance at the Commonwealth Secretariat. She has acted as senior consultant to governments in Eastern Europe and Latin America and to many international agencies, including the World Bank, the Inter-American Development Bank, and the United Nations (especially UNDP and ECLAC). She began her career at the Central Bank of Chile and since then has published many articles and books including International Finance and Development with Jose Antonio Ocampo and Jan Kregel. She received the Association of Latin American Financial Institutions prize for best essay on Latin America's international finance.
Shari Spiegel
Principal
New Holland Capital, PLC
Shari Spiegel joined UN DESA as a Senior Economic Affairs Officer in May 2010. She is co-author and co-editor of several of books and articles on capital and financial markets, debt, and macroeconomics and has an MA (ABD) in economics from Princeton University and a BA in applied mathematics and economics from Northwestern University. Ms. Spiegel served as Executive Director of the Initiative for Policy Dialogue (IPD) from 2002 to 2007 and was an adjunct professor and lecturer at the School of International and Public Affairs at Columbia University during the same time period. She is Co-chair of the Task Force on Debt Restructuring and Sovereign Bankruptcy at IPD. She has extensive experience at the private sector, holding positions at Citibank, Drexel Burnham Lambert, and most recently as a Principal at New Holland Capital and as head of fixed-income emerging markets at Lazard Asset Management. She also served as an advisor to the Hungarian Central Bank in the early 1990s.
Matthias Thiemann
PhD Candidate
Columbia University
Publication Information
| Type | Working Papers |
| Program | Financial Markets Reform |
| Download | 191kb pdf |
| Posted | 09/14/11 |
