financial regulation and general agreement on trade in services (wto)

نویسندگان

دکتر محمود باقری

دکتر سید محمد حسن رضوی

چکیده

optimal level of regulation and regulatory reform seem to be an undisputed objective . however, in the context of financial regulation there are differences and disagreements over the optimal level of disclosure of information and capital adequacy standards. in this paper, instead of offering a substantive solution , we argue for a competitive process through which the optimal level of disclosure of information and capital adequacy standards are likely to emerge. the solution, which we suggest, consists of an international framework combining competition and co-operation among national regulatory regimes. we identify wto/gats as such a framework, which facilitates both regulatory competition and regulatory co-operation. the ultimate outcome of this integrated process, which simultaneously emphasises liberalisation and regulation of financial markets is the emergence of an optimal level of regulation related to mandatory disclosure of information and capital adequacy standards.

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عنوان ژورنال:
مجله دانشکده حقوق و علوم سیاسی

جلد ۷۴، شماره ۱۲، صفحات ۰-۰

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