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SUMMARY:Embrace\, Adapt or Eschew? Developing Country Responses to Global 
 Banking Standards  - Emily Jones\, Associate Professor\, Blavatnik School 
 of Government\, University of Oxford
DTSTART:20170202T153000Z
DTEND:20170202T170000Z
UID:TALK70815@talks.cam.ac.uk
CONTACT:Prudence Golding-Fuller
DESCRIPTION:Emily Jones\, Associate Professor\, Blavatnik School of Govern
 ment\, University of Oxford    \n\nAbstract \nIn the wake of the global fi
 nancial crisis\, we have seen a series of reforms aimed at improving finan
 cial regulation\, including a new set of global banking standards. While a
 cademic and policy debate has focused on the G20 countries at the core of 
 the global financial system\, what is happening in countries at the periph
 ery? In this presentation\, I will discuss how developing countries outsid
 e of the G20 are responding to global banking standards\, and the politica
 l economy drivers of regulatory decisions. Close scrutiny of the data reve
 als widespread adoption of Basel II and III banking standards across devel
 oping countries\, which is puzzling as the standards were not designed for
  developing countries and are costly to implement. Crosscountry statistica
 l analysis and preliminary research from country case studies suggest that
  regulators in developing countries face strong market-based incentives to
  adopt the global standards - to facilitate the operation of international
  banks in their jurisdiction and to assist domestic banks to expand overse
 as. In contrast to other global financial standards\, pressure from intern
 ational financial institutions and other governments does not appear to be
  a strong driver for the adoption of Basel II and III in developing countr
 ies.    \nAbout the Speaker \nEmily Jones is Associate Professor of Public
  Policy at the Blavatnik School of Government where she directs the Global
  Economic Governance Programme. Her research focuses on the ways in which 
 developing country governments engage in global trade and financial regula
 tion. Prior to her academic career\, Dr. Jones worked for the UK’s Depar
 tment for International Development\, as an Overseas Development Institute
  Fellow in Ghana’s Ministry of Trade and Industry\, and Oxfam GB. 
LOCATION: Room SG1\, Alison Richard Building\, 7 West Road\, Cambridge\, C
 B3 9DT
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