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Commissioned by the Toronto Financial Services Alliance (TFSA), this report provides a high level comparison of the regulatory environment that impacts the financial services industry in some of the main jurisdictions based on relevant instrumental factors, responses to an online questionnaire...
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ubiquitous and call for financial regulation. This chapter studies how different jurisdictions cope with market failures in … significant divergences in financial regulation despite the similarity of market failures. The drivers of such divergences are the … regulation at the global level. We identify two main drivers of convergence: convergence with the aim to reduce transactions …
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This study explores the effect of regulatory governance on financial stability using cross-sectional data from 55 countries. The findings show that regulatory governance and various subcomponents of regulatory governance are positively correlated with financial stability in the selected...
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Up until 1989, there existed “the Big Eight” accountancy firms namely the eight major international accountancy firms, Arthur Young (AY), Ernst & Whinney (EW), Deloitte Haskins & Sells (DHS) ,Touche Ross (TR), Price Waterhouse, Coopers and Lybrand, Arthur Andersen and KPMG. At present, there...
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