Regulatory Competition in Global Financial Markets

Viac o knihe

Exploring the impact of market pressure on financial regulation, this book highlights the challenges of arbitrage and competition in rulemaking. It critiques traditional approaches that advocate for international harmonization and proposes a special resolution regime for financial institutions as a solution. The author argues that such regimes can enhance market discipline and mitigate threats to stability, advocating for a credible global framework to address these regulatory challenges effectively.