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Global Securities Regulation after the Financial Crisis


  • Donald C. Langevoort


The global financial crisis requires a coordinated international response, but political obstacles stand in the way of a comprehensive solution. This article suggests that international cooperation in securities regulation is most feasible--though still politically difficult--if the subject of securities regulation is divided into pieces, and global regulators concentrate solely on the portion that involves interaction among sophisticated institutional investors. Even though the crisis originated in this sector, it is the domain in which there is the most global commonality of interests. By contrast, regulation of the retail segments of investment is plagued by particularly deep differences in history and institutional context, making it wise to move this subject of regulation off the near-term reform agenda. The article suggests a number of directions such convergence might take, including creating a dispute resolution system accessible to the transnational institutional investor community. Oxford University Press 2010, all rights reserved, Oxford University Press.

Suggested Citation

  • Donald C. Langevoort, 2010. "Global Securities Regulation after the Financial Crisis," Journal of International Economic Law, Oxford University Press, vol. 13(3), pages 799-815, September.
  • Handle: RePEc:oup:jieclw:v:13:y:2010:i:3:p:799-815

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    Cited by:

    1. Dinc, Yusuf, 2015. "Conversion From Shadow Banking to Regular Banking an Emperical Analysis," MPRA Paper 85333, University Library of Munich, Germany.
    2. Emilios Avgouleas, 2013. "Effective Governance of Global Financial Markets: an Evolutionary Plan for Reform," Global Policy, London School of Economics and Political Science, vol. 4, pages 74-84, July.

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