This special issue asks what role society can play in the regulation of transnational risks, as an alternative to or at least significant addition to reliance on state regulatory activity and the myth of the self-regulatory capacity of markets (Stiglitz, 2001, p. xiii). How can a social sphere contribute to the prevention and management of risks, often transnational in nature, posed by economic activity? Leading socio-legal scholars explore whether and how the idea of harnessing the regulatory capacity of a social sphere provides a new analytical lens that can provide fresh insights into transnational risk regulation, and whether this idea helps to identify innovative approaches to regulating transnational risks.

The issue of whether transnational risk can be regulated through a social sphere goes to the heart of what John Ruggie has described as 'embedded liberalism': how capitalist countries have reconciled markets with the social community that markets require to survive and thrive. This collection, located in the wider debates about global capitalism and its regulation, tackles the challenge of finding a way forward for regulation. It rejects the old divisions of state and market, citizens and consumers, social movements and transnational corporations, as well as 'economic' and 'social' regulation. Instead this rich, multidisciplinary collection engages with a critical theme-the idea of harnessing the regulatory capacity of a social sphere by recognising the embeddedness of economic transactions within a social and political landscape. This collection therefore explores how social norms, practices, actors and institutions frame economic transactions, and thereby regulate risks generated by and for business, state and citizens. A key strength of this book is its integration of three distinct areas of scholarship: Karl Polanyi's economic sociology, regulation studies and socio-legal studies of transnational hazards. The collection is distinct in that it links the study of specific transnational risk regulatory regimes back to a social-theoretical discussion about economy-society interactions, informed by Polanyi's work. Each of the chapters addresses the way in which economics, as well as economic and social regulation, can never be understood separately from the social, particularly in the transnational context. Endorsement 'This thought-provoking collection asks the most critical question of our time - how to civilise markets through social accountability and political action. The climate and financial crises we face show how crucial this challenge is. Lange, Haines and Thomas have put together a series of fruitful case studies of the possibilities for embedding economic relationships in social relationships by a series of top-class researchers within their own illuminating and sensitive framing of the issue'. Professor Christine Parker, Professor of Regulatory Studies at Monash University.

Through a detailed analysis this book examines the role of law in European Union integration processes through the implementation of the EU Directive on Integrated Pollution Prevention and Control at European Level and in the UK and Germany. The book questions traditional conceptions which perceive law as the 'formal law in the books', as instrumental and as relatively autonomous in relation to its social contexts. The book also discusses in depth how the key legal obligation on the Directive, to employ 'the best available techniques', is actually implemented. This research locates the analysis of the implementation of the IPPC Directive in the wider context of current, cutting-edge political science and sociology of law debates about the role of law in EU integration processes, the nature of EU law, new modes of governance and the significance of 'law in action' for understanding legal process.

Environmental Law: Text, Cases, and Materials has been designed to provide students with everything they need to approach the subject with confidence. Experts in the area, the authors combine clear and insightful commentary with carefully chosen extracts from UK and international sources to offer students a well-rounded view of the subject area. Covering a broad range of topics, the authors introduce discussion on controversies and debates and encourage readers to engage in critical reflection by posing regular discussion questions throughout the text. Further reading suggestions point students towards useful resources, guiding their independent research. Online Resources This book is also accompanied by online updates collated by the authors, helping students to stay well-informed.

The issue of whether transnational risk can be regulated through a social sphere goes to the heart of what John Ruggie has described as 'embedded liberalism': how capitalist countries have reconciled markets with the social community that markets require to survive and thrive. This collection, located in the wider debates about global capitalism and its regulation, tackles the challenge of finding a way forward for regulation. It rejects the old divisions of state and market, citizens and consumers, social movements and transnational corporations, as well as 'economic' and 'social' regulation. Instead this rich, multidisciplinary collection engages with a critical theme-the idea of harnessing the regulatory capacity of a social sphere by recognising the embeddedness of economic transactions within a social and political landscape. This collection therefore explores how social norms, practices, actors and institutions frame economic transactions, and thereby regulate risks generated by and for business, state and citizens. A key strength of this book is its integration of three distinct areas of scholarship: Karl Polanyi's economic sociology, regulation studies and socio-legal studies of transnational hazards. The collection is distinct in that it links the study of specific transnational risk regulatory regimes back to a social-theoretical discussion about economy-society interactions, informed by Polanyi's work. Each of the chapters addresses the way in which economics, as well as economic and social regulation, can never be understood separately from the social, particularly in the transnational context. Endorsement 'This thought-provoking collection asks the most critical question of our time - how to civilise markets through social accountability and political action. The climate and financial crises we face show how crucial this challenge is. Lange, Haines and Thomas have put together a series of fruitful case studies of the possibilities for embedding economic relationships in social relationships by a series of top-class researchers within their own illuminating and sensitive framing of the issue'. Professor Christine Parker, Professor of Regulatory Studies at Monash University.

Mit Inkrafttreten der neuen Eigenkapitalvereinbarung, Basel II werden Ratingverfahren zum aufsichtlich vorgeschriebenen Instrument der Risikoanalyse in Kreditinstituten. Die Immobilienkredite gehoren traditionell zu den bedeutenden Positionen der Kreditinstitute. Die Hohe der Engagements sowie die Heterogenitat bedingen eine Vielzahl von Risiken. Charakteristisch ist weiterhin die Variabilitat der Ruckfuhrungsquelle. Nicht zuletzt aus diesen Grunden erfordert diese besondere Kreditart spezifische Instrumente der Risiko- bzw. Ausfallanalyse. Das in diesem Buch entwickelte Immobilienrating widmet sich einem ganzheitlichen Bewertungsprozess, der mittels einer periodischen Analyse qualitativer und quantitativer Risikoindikatoren Aussagen uber die wirtschaftliche Zukunftsfahigkeit des Immobilienunternehmens bzw. einer einzelnen Immobilie trifft. Das Immobilienrating-Modell basiert auf einer eingehenden Analyse der funktionalen sowie systemimmanenten Anforderungen. Eingefuhrt werden modulare Teil- und Subratings innerhalb einer hierarchischen Grundstruktur. Steuerungsgrossen berucksichtigen die jeweilige Relevanz fur das Ratingurteil. Der Variabilitat der Hauptrisikotragerschaft wird damit Rechnung getragen. Im Ergebnis der Dissertationsschrift entsteht ein ImmobilienratingModell, welches die Komplexitat immobilienwirtschaftlicher Engagements ganzheitlich abbildet.Nach beruflichen Tatigkeiten bei der Jones Lang Wotton GmbH und der Elf Oil AG studierte Dr. Bettina Lange Betriebswirtschaftslehre an der Universitat Leipzig mit den Schwerpunkten Immobilienmanagement, Bankwesen und Unternehmensfuhrung/Organisation. Es schloss sich unmittelbar die Tatigkeit als wissenschaftliche Mitarbeiterin am Institut fur Immobilienmanagement an. Wahrend dieser Zeit promovierte sie zum Thema: Immobilienrating - Modell zur Analyse von Ausfallrisiken immobilienwirtschaftlicher Kreditengagements. Erste Forschungsergebnisse prasentierte sie 2002 im Rahmen des Doctoral Seminar an-lasslich des