The Economic Consequences of Regulatory Protection & Extraterritorial Reach

60 Pages Posted: 23 May 2018

See all articles by Anjan V. Thakor

Anjan V. Thakor

Washington University in St. Louis - John M. Olin Business School; Financial Theory Group; European Corporate Governance Institute (ECGI); Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering

Date Written: May 9, 2018

Abstract

This paper analyzes recent legal and regulatory developments in the EU that will potentially significantly affect the landscape of the financial services industry in the EU and elsewhere. It focuses on four specific initiatives -- delegation, common ownership, MiFID II, and EMIR -- evaluates these developments in the context of an overarching economic framework that highlights the consequences of these initiatives from the standpoint of its effect on consumer welfare in the EU, in the U.S., and globally.

Suggested Citation

Thakor, Anjan V., The Economic Consequences of Regulatory Protection & Extraterritorial Reach (May 9, 2018). Available at SSRN: https://ssrn.com/abstract=3176049 or http://dx.doi.org/10.2139/ssrn.3176049

Anjan V. Thakor (Contact Author)

Washington University in St. Louis - John M. Olin Business School ( email )

One Brookings Drive
Campus Box 1133
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Financial Theory Group ( email )

United States

European Corporate Governance Institute (ECGI) ( email )

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Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering ( email )

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Cambridge, MA 02142
United States

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