35 Pages Posted: 21 Mar 2008 Last revised: 23 Nov 2010
Date Written: July 1, 2008
The International Bar Association's Securities Law Subcommittee of the Task Force on Extraterritorial Jurisdiction, comprised of a panel of academics, practitioners, senior in-house counsel at financial institutions and former regulators, has produced this report examining the need for reform of the regulation of the global securities markets. The report reviews approaches to addressing problems such as mutual recognition, regulatory convergence and disparities in enforcement intensity and makes a series of recommendations. The Subcommittee urges reform of domestic regulatory systems with a view towards its international impact and argues that such reform should be an urgent priority for legislative and regulatory bodies in major financial centers.
(Full list of Subcommittee members located in the text of the report.)
Keywords: Securities regulation, mutual recognition, international finance, extraterritorial
JEL Classification: F30, F36, G1, G15, G2, G24, L1
Suggested Citation: Suggested Citation
Tahyar, Margaret E. and Willeumier, Jaap and Pan, Eric J. and Jackson, Howell E. and Ferran, Eilis, Final Report of the Securities Law Subcommittee of the Task Force on Extraterritorial Jurisdiction of the International Bar Association (July 1, 2008). Available at SSRN: https://ssrn.com/abstract=1109061 or http://dx.doi.org/10.2139/ssrn.1109061