A risk-based approach (RBA) to regulating global risks in the age of globalisation |

A risk-based approach (RBA) to regulating global risks in the age of globalisation

Synopsis:

This paper assesses the ways in which states have attempted to manage and regulate global risks such as trans-national terrorism particularly after 9/11. It argues that while policy and academic focus has centred on the high profile dramatic use of military force in the war on terror, less visible risk-based approaches are being proposed as global benchmark practices that might have more enduring implications for management of risk. Through a critical analysis of sociologist Ulrich Beck’s theories on risk and globalisation, the paper examines the prominence of risk in emerging global regulatory frameworks. In doing so, it analyses the Financial Action Task Force’s role together with the Wolfsberg Group of global banks, in propagating a risk-based approach (RBA) to global counter-terrorist financing regulations. At the same time, it
critiques Beck by pinpointing the continuing power inequalities, hierarchies and differing risk perceptions that stymie these nascent global risk regulatory regimes.

Click here for more info.

Speaker(s):

Heng Yee-Kuang, Lecturer (Assistant Professor), International Relations, University of St. Andrews, U.K.

Date:
Tuesday, 22 June 2010
Time:
12.15 p.m. - 1.30 p.m.
Venue:

Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road
Singapore 259772

WordPress Video Lightbox Plugin