Global Governance

Governance refers to all processes of governing whether through laws, norms or power.   It is primarily about what the relevant “governing body” does, about the way the rules and actions are produced, sustained and regulated.   Wherever there is an overlap or absence of authority across sovereign states, global governance refers to the established (mediated) rights and obligations through which global collective interests are articulated.

Governance relating to the creation and regulation of public policy could be either private or public or both.  Private or quasi-private organisations are often involved in the making of rules and setting of standards which have binding effects on the general public.

Governance relating to the creation and revision of government regulatory policies concerning financial institutions attracted much recent public attention.  Regulatory governance reflects the tendency of decentred and mutually adaptive policy regimes to deal with complexity using delegated system of rules; in a system which is more complex, more global, more contested and more liberally democratic.  It is governance beyond the state, through which state regulation is a constitutive instrument of governance.  The development of the Basel Accords is one example.

The IGF has published several high impact research works and organised a number of policy fora that focus on these areas.

For further information in this area, please refer to the “Publications” and “Videos”.

Professor Fariborz Moshirian, the Director of the Institute of Global Finance, UNSW, on an interview with Bloomberg on July 8, 2019, talks about central bank independence.

Significance of Fintech in the 21st Century

Mr. Ian Pollari, the Global Co-Head of Fintech at KPMG, gives a keynote address on "the evolution of Banking Business Models: Fintech and Digital Innovation" at the 31st Australasian Finance and Banking Conference.

Director, NSW, Department of Foreign Affairs and Trade, Trudy Witbreuk

A major international Forum on global financial stability and global governance, in collaboration with the ADB, was held in February 2019.

Director of the World Bank Global Indicators, Augusto Lopez-Claros

The World Bank Director of Global Indicators, Dr. Augusto Lopez-Claros gives a keynote address on "Dangerous Disparities: The Global Crisis of Gender Inequality" at the 29th Australasian Finance and Banking Conference.

The Honourable Scott Morrison, the then Federal Treasurer, gave a keynote at the 29th Australasian Finance and Banking conference on National and Global Financial Issues.

Professor Fariborz Moshirian, the Director of the Institute of Global Finance, UNSW, on an interview with CNBC on June 7, 2019, discusses the possibility of a second Brexit referendum. He pointed out that many businesses in the U.K.

Fariborz Moshirian, the Director of the Institute of Global Finance, UNSW, on an interview with CNBC on May 6, 2019, discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.

Related Videos on Global Governance

the Finacial and Economic Impact of Climate Change
Professor Fariborz Moshirian, the Director of the IGF spoke re the financial and economic impact of climate change
Business Forum: Evaluating the cost of government credit support
Professor Deborah Lucas highlighted the relevance of government debt and its contributions to systemic risk.
Business Forum: Panel Discussion on Systemic Risk I
Panel discussion at the Business Forum on Global Systemic Risk, Liquidity and Global Financial Stability