BEGIN:VCALENDAR VERSION:2.0 PRODID:-//132.216.98.100//NONSGML kigkonsult.se iCalcreator 2.20.4// BEGIN:VEVENT UID:20260603T193708EDT-5005nD1nan@132.216.98.100 DTSTAMP:20260603T233708Z DESCRIPTION:The Faculty of Law welcomes Associate Professor Cally Jordan\, Melbourne Law School (Australia).\nAbstract\nIn the last 15 years\, intern ational financial standards have surged to prominence in the wake of crise s\, but the standards\, and the ‘soft law’ discourse which supports them\, are both problematic.\nConceptual difficulties underlie the “soft law” di scourse\, revealing profoundly different patterns of legal thought that cu t across national boundaries. The result is different understandings of in ternational financial standards\, and largely unsatisfactory results. Fina lly\, international financial standards appear strangely remote from the d aily grind of international commercial practice\, where they are largely u nknown. But perhaps in this disconnect lies clues to important normative f orces at work in international finance\, and in particular the internation al capital markets.\nThe proposition put forward here is that the formal r egulation of financial markets is supported by a body of strong and persis tent customary law\, a lex mercatoria\, a rarely acknowledged but powerful undercurrent in finance\, especially in its international iteration.\nIs it possible that the global financial crisis represented not only a failur e of formal\, state-led regulation\, as it surely did\, but also a breakdo wn of a lex mercatoria of finance? If that is the case\, international sta ndard setters and national regulators ignore this lex mercatoria at their peril. To do so\, would be to miss a true\, powerful\, source of normativi ty operating in international financial markets.\nThe speaker\nCally Jorda n\, LLB'77\, BCL'80\, has spent over fifteen years with the World Bank\, b oth as a consultant and as a full-time advisor\, on commercial\, financial \, corporate governance and corporate law in numerous countries. Between 1 991 and 1996\, she was Associate Professor at the 91's Faculty of Law and member of the Institute of Comparative Law. More recently\, she spent 2010 as a Visiting Professor at Duke Law School\, Durham\, North Carolina and taught for a semester in 2011 at Georgetown's Center for Transnational Legal Studies in London. Since then she has been a visiting fellow at the Max Planck Institute for International and Comparative Law in Hamburg (20 12)\, the London School of Economics (2013)\, the British Institute for In ternational and Comparative Law (2013) and the inaugural P.R.I.M.E Finance Fellow at the Netherlands Institute for Advanced Studies outside The Hagu e (2013).\n DTSTART:20150330T170000Z DTEND:20150330T183000Z LOCATION:NCDH 202\, Chancellor Day Hall\, CA\, QC\, Montreal\, H3A 1W9\, 36 44 rue Peel SUMMARY:International Standards and the Lex Mercatoria of Finance URL:/law/channels/event/international-standards-and-le x-mercatoria-finance-243616 END:VEVENT END:VCALENDAR