Regime complexity and managing financial data streams: The orchestration of trade reporting for derivatives

Abstract

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Global–Regional Realignments in Trade, Finance and Development: Introduction to the Special Issue

“…In line with the emergent literature on regime complexes in international relations, we draw on the framework of “international regime complexes’ (e.g. Alter and Meunier 2009; Alter and Raustiala 2018; Orsini et al, 2013; Drezner, 2009; Faude and Fuss 2020; Heldt and Schmidtke 2019; Henning 2019; Henning and Pratt 2020; Quaglia and Spendzharova 2021; Raustiala and Victor 2004). Regime complexity research is interested in the increasing density of international institutions in global governance and analyzes the constraints and opportunities a changing institutional environment creates for strategic action and for the provision of international public goods.…”

“…Regime complexes are viewed as having the potential to reduce inconsistency by establishing different mechanisms of either formal or informal coordination such as joint interplay management (Stokke and Oberthür 2011), institutional deference (Pratt, 2018), orchestration (Abbott et al, 2015; Quaglia and Spendzharova 2021) or a stable division of labor between different elements (Gehring and Faude 2014). If global and regional organizations specialize and focus on their comparative advantages, this will eliminate duplication, even if the formal mandates overlap widely.…”

“…In our context, positive coordination would take place across multi‐, plurilateral, bilateral and regional levels and be based on coordination committees or working groups. Here, orchestration (Abbott et al, 2015) and ‘hub intermediaries’ could facilitate the management of global‐regional interfaces and help to de‐link consensual from contested issues (Quaglia and Spendzharova 2021). Negative coordination would seek to inhibit the negative externalities of decentralized institutions.…”

International regime complexes and corporate crime: a research agenda based on the Volkswagen diesel fraud case

“…More definitive explanations of interaction effects within a regime complex require detailed information on how regulatory practices and rules induce competition in other parts of the regime complex, how exactly they reverberate within the complex, and how that affects corporate and political coordination (cf. [83]. Whereas the VW case is a configuration of a lenient EU versus a stringent US constellation, future research could address other configurations.…”

“…Regime complexes often result in either rule ambiguity, fragmentation, institutional competition, or a combination thereof because their constituent regulatory regimes create multiple opportunities to achieve similar goals [11,41]. International regime complexes are therefore likely to result in strategic behavior and/or unintended consequences when actors seek to navigate or exploit such multiple opportunities [11,41,46,78,83].…”