Private power and international law : the international swaps and derivatives association

dc.contributor.authorBOROWICZ, Maciej Konrad
dc.date.accessioned2016-01-22T15:04:34Z
dc.date.available2016-01-22T15:04:34Z
dc.date.issued2015
dc.descriptionPublished online: 09 September 2015en
dc.description.abstractInternational lawyers have traditionally been interested in public power, i.e. ability to influence substantive outcomes across national borders through state coercion or threat thereof. They have been (and continue to be) engaged in debates about ways in which that type of power can be limited or, at the very least, made accountable. More recently international lawyers have also developed an interest in private power, i.e. ability to influence substantive outcomes across national borders without the use of state coercion or threat thereof. This paper explains how accountability for exercise of private power is achieved using the International Swaps and Derivatives Association (ISDA) as an example. ISDA’s accountability consists of a combination of procedural Global Administrative Law-like standards applicable to ISDA itself as well as legislative, regulatory and judicial recognition of the market conventions developed by ISDA. This model of accountability makes ISDA responsive to both cosmopolitan and national constituencies.en
dc.format.mimetypeapplication/pdfen
dc.identifier.citationEuropean journal of legal studies, 2015, Vol. 8, No. 1, pp. 46-66en
dc.identifier.endpage66
dc.identifier.issn1973-2937
dc.identifier.issue1
dc.identifier.startpage46
dc.identifier.urihttps://hdl.handle.net/1814/38652
dc.identifier.volume8
dc.language.isoenen
dc.publisherEuropean University Instituteen
dc.relation.ispartofEuropean journal of legal studiesen
dc.relation.urihttps://ejls.eui.eu/en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectISDAen
dc.subjectDerivativesen
dc.subjectAccountabilityen
dc.titlePrivate power and international law : the international swaps and derivatives associationen
dc.typeArticleen
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.other33987
relation.isAuthorOfPublicationdf475ea9-5516-4116-95d2-821865533556
relation.isAuthorOfPublication.latestForDiscoverydf475ea9-5516-4116-95d2-821865533556
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