Essay: International Reconsiderations
In conclusion, the article in this highlights, how the GFC has driven an international reconsideration of financial regulation, involving a wide range of issues. While there is unquestionably some shift globally in the main political view away from ‘financial liberalization’ towards a bigger role for directive, there is little accord on what new optimal authoritarian structure might look like.
But, greater importance on achieving greater incentive and remuneration institutions, improved allotment and effective of national regulatory powers and improved international regulatory coordination are all centre-stage.
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