Dr Seetharaman's thesis on Global Governance is with regards to the global financial crisis.
While defending his thesis, Seetharaman said,"In response to the crisis, global regulatory reforms have been actively reviewed under the leadership of G20 countries and in co-ordination with the IMF and the Bank for International settlements (BIS)."
He added that G20 has also noted the progress achieved by the Global Partnership for Financial Inclusion (GPFI) in implementing the Financial Inclusion Action Plan. The world is getting leveraged.
According to Seetharaman, the Dodd-Frank Wall Street Reform and Consumer Protection Act in US implemented the regulatory reforms in response to the crisis. A consumer protection agency was also formed under this act as it attained significant importance.
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