Tony Porter conducts research on business regulation and global governance, including especially financial regulation, private and hybrid public/private rulemaking, the organizational effects in governance of technologies, and safety and environmental standards in the automobile industry. He is the author of Globalization and Finance (Polity Press, 2005), Technology, Governance and Political Conflict in International Industries (Routledge, 2002), and States, Markets, and Regimes in Global Finance (Macmillan, 1993), and coeditor, with Karsten Ronit, of The Challenges of Global Business Authority: Democratic Renewal, Stalemate or Decay? (SUNY Press, 2010), and with A. Claire Cutler and Virginia Haufler, of Private Authority in International Affairs, (SUNY Press, 1999).
The path dependence and autonomy of the transnational regulatory arrangements in global finance are often underestimated because of the complexity and informality of these arrangements. The concept of assemblages is especially helpful in analyzing the way that the effects of these arrangements, and their significance for the power of financial actors, are shaped by interactions of a variety of actors and institutions with their own distinct purposes. This is useful for understanding not only the transnational regulatory response to the financial crisis that began in 2007, but also epochal changes that are occurring in global governance more generally.