ABSTRACT
This chapter addresses some of the concerns regarding treaties and treaty-based international organisations: namely, their inability to deal with disparate state-based financial systems and their perception as tools to reinforce a neoliberal, global governance order that negatively affects the economic and non-economic needs of domestic constituents. It proposes reform to the global prudential governance Regime to include treaties and treaty-based international organisations to address the distributive problems that are at the core of macroprudential regulation. In the field of prudential regulation, macroprudential regulation often deals with distributive problems that would benefit in their resolution from binding legal processes. Direct application of prudential regulatory standards on non-state actors through trade and investment treaties could be reflected in a number of ways. Finally, the chapter puts forward a global governance framework for finance that promotes systemic financial stability and sustainable development goals.
