IDEAS home Printed from https://ideas.repec.org/a/bpj/eucflr/v17y2020i1p11-34n3.html
   My bibliography  Save this article

Regulatory Cooperation in Securities Market Regulation: Perspectives from Australia

Author

Listed:
  • Hill Jennifer G.

    (Bob Baxt AO Chair of Corporate and Commercial Law at Monash Law School, Australia; Research Member, European Corporate Governance Institute (ECGI). Australia)

Abstract

The global financial crisis highlighted the interconnectedness of international financial markets and the risk of contagion it posed. The crisis also emphasized the importance of supranational regulation and regulatory cooperation to address that risk. Yet, although capital flows are global, securities regulation is not. As a 2019 report by IOSCO notes, the regulatory challenges revealed during the global financial crisis have by no means dissipated over the last decade. Lack of international standards, or differences in the way jurisdictions implement such standards, can often result in regulatory-driven market fragmentation. This article considers a range of cooperative techniques designed to achieve international regulatory harmonization and effective financial market supervision. It includes discussion of a high profile cross-border supervisory experiment, the 2008 US-Australian Mutual Recognition Agreement, which was the first agreement of its kind for the SEC. The article also examines some key regulatory developments in Australia and Asia since the time of the US-Australian Mutual Recognition Agreement.

Suggested Citation

  • Hill Jennifer G., 2020. "Regulatory Cooperation in Securities Market Regulation: Perspectives from Australia," European Company and Financial Law Review, De Gruyter, vol. 17(1), pages 11-34, February.
    • Handle: RePEc:bpj:eucflr:v:17:y:2020:i:1:p:11-34:n:3
    DOI: 10.1515/ecfr-2020-0003
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/ecfr-2020-0003
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/ecfr-2020-0003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:eucflr:v:17:y:2020:i:1:p:11-34:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.