Bruegel policy paper: Not all financial regulation is global
31 August 2010
Bruegel Senior Fellow Nicolas Véron and Stéphane Rottier from the National Bank of Belgium, explain why it is time to focus on building stronger global public institutions, ensuring globally consistent financial information and creating globally integrated capital-markets infrastructure.
Financial regulation at global level has been high on the G20 agenda. However, financial multipolarity, with the rise of emerging economies, and its impact on decision-making at global level has made global convergence difficult. In this policy brief, the authors, Bruegel Senior Fellow Nicolas Véron and Stéphane Rottier, National Bank of Belgium, explain why now is the time to focus on building stronger global public institutions, ensuring globally consistent financial information, creating globally integrated capital-markets infrastructure and addressing competitive distortions among global capital-market intermediaries to set the foundation for global harmonisation of all aspects of financial regulation.
© Bruegel
