The international reach of the financial crises of the last 20 years has triggered an explosion in international standards setting, creating a complex dynamic between national (or regional) regulation and international norms, between hard and soft law. This lecture explores this phenomenon as it relates to capital markets by looking at the changing role of the International Organisation of Securities Commissions (IOSCO), the standard-setting process itself, issues associated with implementation of international standards and possible alternatives.
Cally Jordan is an Associate Professor at the University of Melbourne, Australia, a member of the International Academy of Comparative Law, the European Corporate Governance Institute and the C.D.Howe Institute (Toronto). She is also on the neutrals panel of the International Center for Dispute Resolution, American Arbitration Association and the International Financial Experts Panel of the P.R.I.M.E. Financial Foundation, The Hague as well as a member of the Advisory Panel on Local Capital Markets Development of the European Bank for Reconstruction and Development in London. She has worked extensively for various international bodies, including the ADB, the IFC, The World Bank, UNDP, CIDA and EBRD.She is currently an Academic Visitor at the Commercial Law Centre at Harris Manchester College.