Palabras clave
regulación
autorregulación
actividad financiera
globalización
Derecho.
Resumen
El presente estudio tiene por objeto el análisis de las estrategias de regulación de la actividad financiera, en su condición de «sector de referencia» del denominado Derecho administrativo «internacional» o «global». Analizando dichas estrategias se constata que la gestación y ejecución de las normas jurídicas en el sector financiero no se limitan a las tradicionales instancias jurídico-públicas, ni se circunscriben de forma estanca al ámbito nacional, comunitario o internacional. La producción normativa abarca una fase de gestación internacional, basada principalmente en la autorregulación y en la cooperación transnacional de autoridades nacionales; y una fase posterior de recepción pública, a nivel comunitario y a nivel estatal. En la regulación de los mercados financieros se concentran, pues, dos de las tendencias más relevantes del Derecho administrativo, a saber, la europeización y la internacionalización
de esta disciplina y la apertura del Estado a la autorregulación.
de esta disciplina y la apertura del Estado a la autorregulación.
Keywords
regulation; self regulation; financial activity; globalization; Law.
Abstract
This study has had as its aim an analysis of the regulatory strategies of the financial activities sector in its capacity as a «reference sector» within what is increasingly refered to as «international» or «global» Administrative Law. Analyzing these regulatory strategies it is found that the gestation and implementation of legal standards in the financial activities sector is not limited to traditional legal and public administrative bodies, nor is it confined to tight National, Community, or International agreement. Policy production, rather, is
seen to evolve out of an initial, international-stage of gestation, based mainly on selfregulation and the transnational cooperation of national authorities and moves into a secondary stage of public adoption, at the Community and Nation State level. Through this process, two of the most important current trends of Administrative Law regulating the financial activities sector are emerging; namely, the Europeanization and Internationalization of financial regulatory strategies and the opening-up of the Nation State to the construct of Self-regulation.
seen to evolve out of an initial, international-stage of gestation, based mainly on selfregulation and the transnational cooperation of national authorities and moves into a secondary stage of public adoption, at the Community and Nation State level. Through this process, two of the most important current trends of Administrative Law regulating the financial activities sector are emerging; namely, the Europeanization and Internationalization of financial regulatory strategies and the opening-up of the Nation State to the construct of Self-regulation.