by Adi Rahmannur Ibnu
Trans-National Network (TRN) is a cooperation among countries concurred in achieving certain objective. This type of configuration is seemingly effective since the current and past experience in financial crises spreading around the globe is glued not only to a larger system than a domestic financial industry and regulation but also regulatory approach cross nations and its jurisdiction.
Trans-National Network (TRN) in international finance regulation sometimes poses underrated role. This inter-states cooperation has been received minor focus by government agencies after the difficulties converging each jurisdiction interests. Proven, some countries seem to firmly and stubbornly evading its implementation. The clean and clear example was the USA decision no to follow...