This article surveys the literature on regulatory arbitrage in four settings: labor regulation,
environmental protection, corporate governance, and banking and finance. For a regulatory …

Financial Regulation presents an important restatement of the purposes and objectives of
financial regulation. The authors provide details and data on the scale, nature and costs of …

This paper studies the mutual fund industry in 56 countries and examines where this
financial innovation has flourished. The fund industry is larger in countries with stronger …

Using a new database, we study fees charged by 46,580 mutual fund classes offered for
sale in 18 countries, which account for about 86% of the world fund industry in 2002. We …

This paper considers the rationale for establishing a single national financial services
regulator. It discusses the choice of institutional structure and concludes that, even if there is …

The proposed contents of the planned Financial Services and Markets Act have been
revealed in the draft bill (FSMB) that was introduced into Parliament on 17 June, 1999 and in …

Over the last decade, scandals within the UK Financial Service sector have impacted their
legitimacy and raised questions whether a compliance culture exists or not. Several …

Page 1 AEI STUDIES ON FINANCIAL MARKET DEREGULATION REGULATING
FINANCIAL MARKETS A CRITIQUE AND SOME PROPOSALS ANNUIT CEPTIS George J …

We analyze the simultaneous relationship between managerial ownership, board structure,
and firm value, using a sample of all UK non-financial listed companies. We test the …

In this paper the authors note that, over the last decade, in many countries the financial
supervisory functions that were once performed by central banks have been combined with …