Transnational Securities Regulation: How it Works, Who Shapes it

The book provides an analysis of the emergence, evolution, and transformation of transnational securities regulation and the influences from and interactions between global regulatory powers. It combines insights from law and political science and employs a two-tier complementary on-the-books and in-action approach. The authors findings challenge the doxa that the US are the only driving regulatory power in the securities area and demonstrate that other regulatory powers, such as the EU, are emerging.

Format: Hardback
Length: 507 pages
Publication date: 26 November 2022
Publisher: Springer International Publishing AG

The book delves into a comprehensive analysis of the emergence, evolution, and transformation of transnational securities regulation, exploring the intricate interplay between global regulatory powers. By integrating insights from law and political science, the work adopts a two-tier complementary approach, combining both on-the-books analysis and in-action insights. The on-the-books approach draws upon a wealth of scholarship in areas such as United States and European Union securities regulation, transnational regulation, global administrative law, regime complexity, global governance studies, and the regulatory production of the International Organisation of Securities Commissions (IOSCO). This theoretical foundation is further enriched by the law in-action approach, which leverages the authors' extensive experience as a Compliance senior professional in a multinational financial institution and insightful research interviews with senior IOSCO staff. Through their findings, the authors provide the reader with a unique understanding of IOSCO, its standards, and its distinctive role in the transnational regulatory landscape. Moreover, they challenge the prevailing notion that the United States is the sole driving regulatory power in the securities area, highlighting the emergence of other regulatory powers, particularly within the European Union. This shift in the balance of regulatory influence leads to regulatory compromises being reached at different stages of the decision-making process.

Weight: 951g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031180620
Edition number: 1st ed. 2023