Global Financial Regulatory Reform: Implications for U.S. Market Participants
Author: Joanne Hindle.
Source: Volume 24, Number 04, March/April 2011 , pp.35-44(10)
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Abstract:
U.S. financial market participants must be familiar with the basic regulatory structures of major non-U.S. jurisdictions both to fully comply with and anticipate legal developments in the U.S. and to make sure they are in a position to take advantage of opportunities arising from discrepancies among regulatory regimes. This article examines some of the latest financial regulatory developments emerging from the U.K., E.U., and elsewhere--including changes to basic U.K. regulatory structures, E.U. alternative investment fund regulation, and Basel III bank capital rules. The article concludes by identifying some key trends in non-U.S. reforms.Keywords: regulatory regime discrepancies; coordination of international regulatory bodies; U.K. regulation; E.U. regulation; European Systemic Risk Board; Basel III bank capital rules; AIFM Directive; cross-border financial activity
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