G20 Financial Regulatory Reforms: Navigating the Clash of National Interests

Today’s news is full of beggar-thy-neighbor currency wars. Outcomes to date are mixed on the initial G20 goals and commitments and their application across members of the G20. The general divisions are reflected in the financial regulatory reform process, and they are substantial enough to risk breakdowns at the forth- coming G20 Seoul meetings. Member countries are currently working hard to square the circle of their domestic objectives and goals of international regulatory convergence. After explaining the reasons for discord, this article puts forth some construc- tive suggestions for objectively monitored compliance, including a broader use of proposed proto- cols for regulatory principles.