Advertisement

The Fragmentation of International Regulatory Governance and the Case for a Single Global Financial Regulator

  • Philip Bourke
  • Ray Kinsella
Chapter

Abstract

The aim of this paper is to demonstrate that the present fragmentation of financial regulation and supervision — which extends across both financial products and markets and also different national domains — represents a clear and present threat to the stability of international financial markets and institutions. A second major point which we hope to establish is that in an environment of convergent financial markets and globalised institutions, it is imperative that consideration is now given to a single global regulatory authority with responsibility for prudential regulation and solvency.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Betriebswirtschaftlicher Verlag Dr. Th. Gabler GmbH, Wiesbaden 2002

Authors and Affiliations

  • Philip Bourke
  • Ray Kinsella

There are no affiliations available

Personalised recommendations