Global Securities Regulation after the Financial Crisis
The global financial crisis requires a coordinated international response, but political obstacles stand in the way of a comprehensive solution. This article suggests that international cooperation in securities regulation is most feasible--though still politically difficult--if the subject of securities regulation is divided into pieces, and global regulators concentrate solely on the portion that involves interaction among sophisticated institutional investors. Even though the crisis originated in this sector, it is the domain in which there is the most global commonality of interests. By contrast, regulation of the retail segments of investment is plagued by particularly deep differences in history and institutional context, making it wise to move this subject of regulation off the near-term reform agenda. The article suggests a number of directions such convergence might take, including creating a dispute resolution system accessible to the transnational institutional investor community. Oxford University Press 2010, all rights reserved, Oxford University Press.
Year of publication: |
2010
|
---|---|
Authors: | Langevoort, Donald C. |
Published in: |
Journal of International Economic Law. - Oxford University Press. - Vol. 13.2010, 3, p. 799-815
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Langevoort, Donald C., (2002)
-
Global securities regulation after the financial crisis
Langevoort, Donald C., (2010)
-
Selling hope, selling risk : corporations, Wall Street, and the dilemmas of investor protection
Langevoort, Donald C., (2016)
- More ...