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On The Use And Abuse Of Standards For Law: Global Governance And Offshore Financial Centers, Richard K. Gordon

Richard K Gordon

Current trends in international legal scholarship have shifted from a paradigm of state actors working within recognized sources of international law to one that includes transnational regulatory networks working within generally accepted standards. The new paradigm can be seen in operation in the efforts by onshore countries to restrict the activities of offshore financial centers. Onshore countries have attempted to use regulatory networks to advance new standards for income taxation, prudential regulation, and money laundering. In part because of the way in which the IMF participated in the process, onshore centers have largely succeeded in securing compliance with financial regulatory …