Systemic Stability and Competitive Neutrality Issues in the International Regulation of Banking and Securities

  • Harald A. Benink
  • David T. Llewellyn
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 30)


The increasing globalization of banking and finance means that autarky (self-sufficiency at the national level) is no longer a feasible strategy in financial regulation: there is the potential for regulation determined at the national level to be undermined by developments in other regulatory jurisdictions, and regulatory requirements in one country have impacts in others. This creates a standard case for international regulatory cooperation, as, given the externalities involved, cooperative strategies have the potential to increase the effectiveness of regulation, and limit the scope for regulatory arbitrage.


Systemic Stability International Collaboration Capital Requirement Security Market Deposit Insurance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Harald A. Benink
    • 1
  • David T. Llewellyn
    • 2
  1. 1.Limburg Institute of Financial Economics (LIFE)University of LimburgMaastrichtThe Netherlands
  2. 2.Department of EconomicsLoughborough UniversityLoughborough LeicestershireUK

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