Since the global financial crisis, there has been a strong mandate for international consistency and cross-border solutions on financial oversight.
But, as the Basel Committee indicates in its latest strategic priorities, this concerted, global effort is taking a pause for thought – this at a time when regulators in the US and the EU review their own agendas. Does this indicate the beginning of an end to the globalised approach to financial regulation? What are the fissures emerging in the global regulatory architecture?
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