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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Autor principal: Erik Denters
Formato: article
Lenguaje:EN
Publicado: Amsterdam Law Forum 2009
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Acceso en línea:https://doaj.org/article/89373b6e5a8f4eb8a76085a8691a3b86
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spelling 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)
institution DOAJ
collection DOAJ
language EN
topic international law, economics, financial regulation, global markets, financial, law, politics,
Law
K
spellingShingle 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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