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 Moshiran, the Director of the Institute of Global Finance, University of New South Wales, speaks to the BBC on the free trade in the Asia Pacific region on April 21, 2017.

Director of the Institute of Global Finance, Professor Fariborz Moshirian, was interviewed by CNBC Asia on 25 November 2016. Professor Moshirian discussed the U.K.

Speech of Dr Philip Lowe, RBA

Dr Philip Lowe, Governor of the Reserve Bank of Australia (RBA) is making some remarks at the International Conference on Systemic Risk, Interconnectedness, Financial Cycles and Policy Options for Resilience, in Sydney, Australia on 8-9 September 2016.

Director of the Institute of Global Finance, Professor Fariborz Moshirian, was interviewed by CNBC Asia on 15 September 2016.

Director of the Institute of Global Finance, Prof. Fariborz Moshirian, discusses issues related to Brexit, interdependence of the global economy, and the rise of Asia and the future of the EU at an interview on CNBC on June 16, 2016.

Director of the Institute of Global Finance, Fariborz Moshirian, spoke in an interview on CNBC on April 22, 2016. He discussed the ECB's policies after the central bank's meeting on Thursday. The interview is viewable here.

Professor Fariborz Moshiran, the Director of the Institute of Global Finance, University of New South Wales, talked about the issues in the Euro Zone in an interview with the CNBC on February 17, 2015.

Commissioner Michael Piwowar, SEC

Commissioner of the U.S. Securities and Exchange Commission (SEC), Michael Piwowar, provided various insights into the visible domestic and global impacts of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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