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Regulating Against White Collar Crime in the Financial Services Sector

Journal of Financial Crime, Vol. 8, No. 1, pp. 7-11, 2000

13 Pages Posted: 8 Feb 2013  

George Gilligan

University of Melbourne - Centre for Corporate Law and Securities Regulation

Date Written: Septenber 24, 2000

Abstract

As globalization gather pace, national economies are becoming more internationalized and inter-dependent, and the power of individual nation states is being diminished in relative terms. Increasingly individual countries are less able to control their national economies. One consequence of these developments is that regulatory structures and processes are becoming more internationalized and a variety of modes of global governance are emerging. Although there is a trend towards growing regulatory harmonization, different national and cultural influences impact upon national systems of regulation, and in international contexts these values may conflict. Given these developments it is becoming increasingly important to understand how regulatory structures and standards function in different countries. Two elements that are constant in nearly all jurisdictions are the acknowledgement of public interests concerns in regulatory systems and the need for compliance with regulatory standards. This paper considers the issue of regulating against white collar crime in the financial services sector in the contexts of promoting regulatory compliance and the representation of notions of the public interest.

Keywords: globalization, regulatory competition, financial services, white collar crime

JEL Classification: G15, G18, K42

Suggested Citation

Gilligan, George, Regulating Against White Collar Crime in the Financial Services Sector (Septenber 24, 2000). Journal of Financial Crime, Vol. 8, No. 1, pp. 7-11, 2000. Available at SSRN: https://ssrn.com/abstract=2213156

George Gilligan (Contact Author)

University of Melbourne - Centre for Corporate Law and Securities Regulation ( email )

185 Pelham Street, Carlton, Building 106
Victoria 3010
Australia
+61 3 8344 1079 (Phone)

HOME PAGE: http://www.law-cclsr@unimelb.edu.au

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