T-Space at The University of Toronto Libraries >
School of Graduate Studies - Theses >
Please use this identifier to cite or link to this item:
|Title: ||Harmonization of International Securities Markets Regulation: A Trade Perspective|
|Authors: ||Jorai, Goolshan Sharma|
|Advisor: ||Anand, Anita|
World Trade Organization
General Agreement on Trade in Services
multi-jurisdictional disclosure system
economies of scale
|Issue Date: ||20-Nov-2012|
|Abstract: ||Widespread cross-border securities trading have led to the internationalization of securities markets. No one seriously disputes that such securities dealings require regulation, but there is no academic consensus on the best normative approach to such regulation. The academic debate initially focused on whether regulatory competition or cooperation constitutes the better model. However, the debate seems to have evolved to adopt a hybrid model combining the virtues of these two approaches. ‘Harmonization’ constitutes the dominant hybrid model. Nevertheless, the implementation of the harmonization model has barely received any attention in the literature.
The aim of this thesis is hence two-fold: first, justify why harmonization should be the preferred model for the regulation of international securities markets; and second, develop, applying an international trade regulation perspective, a regulatory framework to implement the harmonization model using the World Trade Organization and General Agreement on Trade in Services (WTO/GATS) framework.|
|Appears in Collections:||Master|
Items in T-Space are protected by copyright, with all rights reserved, unless otherwise indicated.