International Prudential Standards in a World of Growing Nationalism and Protectionism

Progress in establishing international standards that promote trade, investment and prosperity is facing headwinds from the global rise of nationalism and populism, according to a new report from the C.D. Howe Institute. In “International Prudential Standards in a World of Growing Nationalism and Protectionism” authors Mark Zelmer and Jeremy Kronick argue that standard setters for financial services, such as the Basel Committee on Banking Supervision, should adapt to the evolving international cooperation cycle.