ABSTRACT

This study is a multidisciplinary exploratory inquiry which falls in the three interrelated classic fields of the social sciences: economics, politics and the law. It aims to examine the process and causation of recent ‘international regulatory competition* and its impacts on the international financial system and institutions. The fairly recent wave of deregulation, which started in the Euromarkets, has caused wide-spectrum structural changes in the systems, legislation and traditional demarcation of organizational forms as important as any in the modern history of global finance.