Regulatory Convergence in International Law: Evaluating Models of Global Economic Governance

Abstract

This essay explores the intersection of international law and economic governance, focusing on the Regulatory Convergence Model as outlined by Daniel K. Tarullo. It examines the processes and challenges in international law-making, emphasizing the role of transnational regulatory standards in global economic governance. The discussion delves into issues of legitimacy and regulatory capture, critiquing the effectiveness of current regulatory approaches. The essay concludes by assessing the impact of these regulatory models on the stability of global financial markets, offering insights into the complexities of international economic regulation in a globalized world.