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Populist Retribution and International Competition in Financial Services Regulation

28 Pages Posted: 25 Jan 2010 Last revised: 23 Jul 2013

Adam C. Pritchard

University of Michigan Law School

Date Written: January 25, 2010

Abstract

This essay compares the current effort to reform financial services regulation with the regulatory initiatives that come out of the Great Depression. Unlike the 1930s, policymakers today must account for the impact of regulatory competition in crafting responses to the financial crisis. The available evidence suggests that jurisdictional competition is no match for the forces of populist retribution in modern democratic states.

Keywords: Regulatory competition

JEL Classification: D72, G28

Suggested Citation

Pritchard, Adam C., Populist Retribution and International Competition in Financial Services Regulation (January 25, 2010). Creighton Law Review, Vol. 43, No. 2 (2010): 335-55; U of Michigan Law & Econ, Empirical Legal Studies Center Paper No. 10-004. Available at SSRN: https://ssrn.com/abstract=1542043

Adam C. Pritchard (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-4048 (Phone)
734-647-7349 (Fax)

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