By Raphaël MORENON
16 July 2025
Globalisation has transformed the financial sector into a complex and interdependent worldwide network. Faced with daily transactions that exceed the gross domestic product of large nations, purely state supervision is showing its limits. A local financial failure can quickly trigger a global shockwave, as successive crises have shown. This reality has led to the creation of an ecosystem of international financial institutions, a heterogeneous set of organisations, committees and forums whose role is to preserve stability and lay down common rules. Understanding this architecture has become essential for economic players. This article provides an overview of the main pillars of global financial governance, a technical area in which the assistance of a banking and finance lawyer is often invaluable. Each aspect covered here is the subject of a more detailed analysis in our dedicated articles. The growing importance of international financial institutions The need for supranational supervision...
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