© Philip Wood (2007). Republished from Regulation of International Finance, published by Sweet & Maxwell.
How to compare regulatory regimes
* Philip Wood is Special Global Counsel at Allen & Overy LLP, Visiting Professor in International Financial Law at Oxford, Yorke Distinguished Fellow at Cambridge and Visiting Professor at London School of Economics and Political Science and at Queen Mary College, University of London.
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It is the policy of this Journal to only publish material that has not been published previously. However, an exception has been made with this article as the work from which it has been drawn has only recently published. This article is taken from Philip Wood's Regulation of International Finance, one of a series of nine works by Philip Wood on the law of practice of International Finance, published by Sweet & Maxwell in 2007. Philip Wood is a member of the Editorial Board of Capital Markets Law Journal. Many readers of Capital Markets Law Journal around the world will not have had the chance to read this very topical article which is of exceptional quality and Capital Markets Law Journal is very pleased to make it available to the wider capital markets community.The Editors
Key points
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| 1. Jurisdictions of the world |
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| 2. Legal families for the purposes of financial law |
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| 3. Characteristics of measurement criteria |
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| 4. General financial law criteria |
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| 5. Application of general criteria to legal systems |
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| 6. Legal and political infrastructure as a criterion |
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| 7. Commonality of underlying regulatory law |
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| 8. Criteria for measuring regulatory law |
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Identity and independence of regulators
Codification of the law
Criminalization of the law
Xenophobia and protectionism
Degree of investor protection
Freedom index
| 9. Comparison of the US and the UK |
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| 10. Background influences on the regulatory regime |
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