Different types of authorities take part in the global financial architecture: international, transnational and national; public and private.The fsb, II, where extensive notice and comment procedures were used, resulting in a risk of regulatory capture-show that gal instruments need to be attentively tailored, in order to guarantee the balanced representation of all the interests at stake.Otherwise, their potential positive effect on both the accountability of global regulators and the efficacy of regulation is impaired.