A Comparative Analysis of Transnational Private Regulation: Legitimacy, Quality, Effectiveness and Enforcement

72 Pages Posted: 26 Nov 2014

Multiple version iconThere are 2 versions of this paper

Date Written: November 2014

Abstract

Transnational private regulation (TPR) is a growing phenomenon. It creates new markets and dissolves old ones. TPR contributes to the regulation of existing markets, it increases the protection of fundamental rights and it enables or disables communities to participate in global rule making. The standing of TPR and its role regulatory control continues to grow. TPR presents new characteristics departing from more conventional forms of domestic self-regulation. It reflects a transfer of regulatory power from the domestic to the transnational and from the public to the private sphere with significant distributional consequences. The Report addresses the development of transnational private regulation in three macro-areas: financial markets, consumer protection and fundamental rights. It encompasses 11 case studies focusing on four dimensions: legitimacy, quality, effectiveness and enforcement.

Note: These case studies have been conducted in the context of the research project Transnational Private Regulation: Constitutional Foundations and Governance Design (co-financed by The Hague Institute for the Internationalisation of Law).

Keywords: Transnational regulation; Governance; Contract; Meta-regulators; Private regulation

Suggested Citation

Cafaggi, Fabrizio, A Comparative Analysis of Transnational Private Regulation: Legitimacy, Quality, Effectiveness and Enforcement (November 2014). EUI Department of Law Research Paper No. 2014/145. Available at SSRN: https://ssrn.com/abstract=2530516 or http://dx.doi.org/10.2139/ssrn.2530516

Fabrizio Cafaggi (Contact Author)

Independent ( email )

No Address Available

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