| ID: |
TARP-185 |
| Title: |
SPAWNING THE SEC |
| Source: |
Global Legal Studies Journal, Vol. 6, page 647 |
| Parties: |
|
| Dispute Resolution Organ: |
|
| Year: |
1999 |
| Pages: |
0 |
| Author(s): |
Henry Laurence |
| Keywords: |
enforcement, financing, Germany, globalization, Japan, transparency, UK, American Law, SEC, institutions, financial institutions, regulatory convergence, power of example |
| Abstract: |
The article suggests that globalization of the world economy has caused convergence in at least one area – the regulation of financial markets- towards an American model of higher regulatory standards of consumer protection. The U.K., Japan and Germany all consciously choose to remodel their institutions of financial oversight according to the American model and introduce agencies like the SEC, which is amazing given the fact that these different countries have been very distinct from one another in terms of political institutions, regulatory traditions and financial systems. The article reviews literature on internationalization and convergence and whether there is a regulatory convergence, and if, will it be toward higher or lower standards. |
| Secured: |
False |
| Download Article: |
Available here |
Keywords: American Law, enforcement, finance/financing, financial institutions, Germany, globalization, institutions, Japan, power of example, regulatory convergence, SEC, transparency, United Kingdom/Great Britain
