Onze Vivlio e-readers ondervinden momenteel synchronisatieproblemen. We doen er alles aan om dit zo snel mogelijk op te lossen. Onze excuses voor het ongemak!

Afhalen na 1 uur in een winkel met voorraad
Gratis thuislevering in België vanaf € 30
Ruim aanbod met 7 miljoen producten

Onze Vivlio e-readers ondervinden momenteel synchronisatieproblemen. We doen er alles aan om dit zo snel mogelijk op te lossen. Onze excuses voor het ongemak!

Afhalen na 1 uur in een winkel met voorraad
Gratis thuislevering in België vanaf € 30
Ruim aanbod met 7 miljoen producten

Winkels

Verlanglijstje

Winkels

Verlanglijstje

Zoeken

Volg ons op

Wist je dat er in Vlaanderen voor iedereen een Standaard Boekhandel is binnen een straal van 7 km?

Zoek een winkel

€ 69,95

+ 139 punten

Levertermijn 1 à 4 weken

Eenvoudig bestellen

Veilig betalen

Gratis thuislevering vanaf € 30 (via bpost)

Gratis levering in je Standaard Boekhandel

Omschrijving

Regulatory Competition in Global Financial Markets: The Case for a Special Resolution Regime evaluates the power of market pressure on the way financial regulation is made. It argues that the phenomena of arbitrage and competition in financial rulemaking are potentially more problematic than elsewhere. This is linked to the ease of arbitrage on the one hand, and to the risks of deregulation for global financial stability of the other. This monograph demonstrates that regulatory competition in financial markets is a reality and evaluates its merits. Regulatory competition in financial markets as a response to market behavior has many positive effects for the lawmaking process, but may at the same time pose a risk for and undermine global financial stability as a public good. The resulting dynamics may require regulatory intervention: the traditional response has been to promote international harmonization of legal rules with extraterritorial reach as a comparable unilateral response. In contrast to these traditional concepts, the author introduces the benefits that a special resolution regime for financial institutions can bring to the debate arguing that resolution regimes can help introduce market discipline and that threats to market stability can be eliminated where an effective and credible global framework is in place. Section 2 gives an introduction to the notions of regulatory arbitrage and regulatory competition, and provides an analytical framework to analyze the subject matter of this paper. Section 3 takes the debate into the specific field of financial markets regulation and identifies the problems that it creates in this context. This allows Section 4 to discuss the various regulatory answers that regulators traditionally subscribe to. Section 5 then introduces the benefits that a resolution regime for financial institutions can produce if it is designed in the right way. Section 6 concludes.