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Since the summer of 2007, participants in financial markets have been confronted by a crisis of their own making. In order to prevent the recurrence of a similar crisis in the future, the G-20 nations, at their finance summit in Washington on 15 November 2008, resolved to "ensure that all...
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Attempts to harmonize the regulation of global financial markets through the traditional processes of international law … approach to regulation has emerged as the dominant approach to promoting international regulatory harmonization and cooperation … analyses the framework and scope of soft law in global financial market regulation. It examines its potency and challenges and …
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Recurring financial crises are part of the cyclical nature of a free market economy, though what is remarkable is that people often fail to learn from the previous mistakes that cause these crises. One reason for this could be that there has been a relative calm on Main Street which belies the...
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argument by various scholars that this can be achieved through the appointment of a Global Supervisor, or a World Regulatory …
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traditional sectoral system of financial regulation, which has exhibited several inadequacies in meeting the regulatory challenges …
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