Regulation and Supervision of The Global Financial System
International financial markets are supervised primarily by national authorities. However, national authorities are inherently incapable to regulate and supervise seamless globalised financial markets. To the extent international regulators exist, they constitute a disorderly patchwork of institutio...
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Amsterdam Law Forum
2009
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oai:doaj.org-article:89373b6e5a8f4eb8a76085a8691a3b862021-12-02T01:32:05ZRegulation and Supervision of The Global Financial System1876-8156https://doaj.org/article/89373b6e5a8f4eb8a76085a8691a3b862009-04-01T00:00:00Zhttp://ojs.ubvu.vu.nl/alf/article/view/84https://doaj.org/toc/1876-8156International financial markets are supervised primarily by national authorities. However, national authorities are inherently incapable to regulate and supervise seamless globalised financial markets. To the extent international regulators exist, they constitute a disorderly patchwork of institutions. A proposal is made to create a system of regulators and supervisors under the umbrella of the World Financial Organisation. The WFO would encompass existing institutions and enhances international supervision through mandatory co-operation. The WFO streamlines supervisory activities, prevents overlap and lacunae, creates hierarchy and allocates responsibilities. The WFO would exercise its authority both over states and non-state actors, i.e. financial markets.Erik DentersAmsterdam Law Forumarticleinternational law, economics, financial regulation, global markets, financial, law, politics,LawKENAmsterdam Law Forum, Vol 1, Iss 3, Pp 63-82 (2009) |
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DOAJ |
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EN |
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international law, economics, financial regulation, global markets, financial, law, politics, Law K |
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international law, economics, financial regulation, global markets, financial, law, politics, Law K Erik Denters Regulation and Supervision of The Global Financial System |
description |
International financial markets are supervised primarily by national authorities. However, national authorities are inherently incapable to regulate and supervise seamless globalised financial markets. To the extent international regulators exist, they constitute a disorderly patchwork of institutions. A proposal is made to create a system of regulators and supervisors under the umbrella of the World Financial Organisation. The WFO would encompass existing institutions and enhances international supervision through mandatory co-operation. The WFO streamlines supervisory activities, prevents overlap and lacunae, creates hierarchy and allocates responsibilities. The WFO would exercise its authority both over states and non-state actors, i.e. financial markets. |
format |
article |
author |
Erik Denters |
author_facet |
Erik Denters |
author_sort |
Erik Denters |
title |
Regulation and Supervision of The Global Financial System |
title_short |
Regulation and Supervision of The Global Financial System |
title_full |
Regulation and Supervision of The Global Financial System |
title_fullStr |
Regulation and Supervision of The Global Financial System |
title_full_unstemmed |
Regulation and Supervision of The Global Financial System |
title_sort |
regulation and supervision of the global financial system |
publisher |
Amsterdam Law Forum |
publishDate |
2009 |
url |
https://doaj.org/article/89373b6e5a8f4eb8a76085a8691a3b86 |
work_keys_str_mv |
AT erikdenters regulationandsupervisionoftheglobalfinancialsystem |
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