A near-ubiquitous concept in legal debates on contemporary approaches to market regulation and reform, liberalisation broadly speaking involves a transition from controlled to competitive markets. Yet for many, liberalisation implies not merely practical processes and legal instruments of...

In this paper I aim to evidence the phenomenon of regulatory globalisation in the Indian state through the changes that took place in financial regulation sector during liberalisation of its economy in 1991. Pre liberalisation India had a command and control economy in which the state owned the...