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Transatlantic Mutual Recognition In The Field Of Global Financial Regulation, Nico C. Klein

Global Markets Law Journal

In the course of the global financial regulatory reform following the recent financial crisis one could frequently read and hear, not least from the G-20, about the importance of such devices as global guidelines, global regulatory frameworks, international cooperation, international coordination or harmonization. More and more a strong case is also made for the concept of mutual recognition or similar devices, such as an exemptive approach, often without differentiating properly between them. Moreover, the exact interplay of mutual recognition with substantive coordination or harmonization is usually not examined in depth. This paper is intended to fill the gap by providing …