000 01596cam a2200157 4500500
005 20250112031620.0
041 _afre
042 _adc
100 1 0 _aRameix, Gérard
_eauthor
245 0 0 _aGlobalisation and Regulatory Competition
260 _c2018.
500 _a77
520 _aAmong market participants, States, and even among regulators, there is constant tension over globalisation and regulation, over the regulation of risks and the search for innovation and competiveness, over regulation slanted towards the mastering of systemic risks of a global nature and regulation slanted towards the protection of the market and national players. With the aim of bringing a common set of responses to the weaknesses pinpointed, the post-crisis international regulatory framework, spurred notably by the G20, has been the source of undeniable progress achieved in reconciling globalization and regulatory competition.However, new challenges are coming to light, on one hand linked to the emergence of an “America First” agenda which may make brittle the international consistency sought in past years, and on the other, to the departure from the EU of Europe’s main financial market place. Europe must also find the means to strengthen its regulatory and supervisory frameworks in terms of efficiency, in order to favour supervisory convergence over regulatory detail. JEL Codes: F02, F53, K33.
786 0 _nRevue d'économie financière | 129 | 1 | 2018-06-13 | p. 19-30 | 0987-3368
856 4 1 _uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2018-1-page-19?lang=en
999 _c156246
_d156246