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Regulatory Effectiveness In Ofcs, Andrew Morriss, Clifford Henson
Regulatory Effectiveness In Ofcs, Andrew Morriss, Clifford Henson
Andrew P. Morriss
The claim that OFCs are lax regulators has two weaknesses. First, it ignores differences between OFCs and onshore jurisdictions that influence the effectiveness of regulatory measures, such as their relative need to protect retail investors and the effectiveness of informal constraints. Second, leading OFCs deploy resources that are comparable to leading onshore jurisdictions by many measures.