Policies and regulatory frameworks, as well as any regulatory reform, would follow different objectives in relation to these two segments.

Fourth, regulatory structures will need to be rebuilt, and this will require a global effort. Absent international coordination, the opportunities for destructive regulatory competition will defeat regulatory reform.

The OECD has also adopted instruments dealing with competition promoting regulatory reform.

The problems were regulatory, legal, political, institutional, financial and educational.

Moreover, Australia had a strong corporate and financial services regulatory regime.

It would also contain relevant legislative, regulatory, financial and institutional details

It must be recognized that regulatory reform entails adjustment costs and necessitates regulatory capacity and institution building, technical assistance and capacity building in this regard.

Is Global Financial Reform Possible?

Europe also has much to gain from ongoing financial integration with the eventual goal of a truly pan European financial market. Greater market access, market reform, and efforts at regulatory harmonization including those under the EU's Financial Services Action Plan should help advance this trend.

To the extent possible, there should be cross training of financial regulatory experts, financial investigators, FIU personnel and prosecutors.

The US wants to resolve the global crisis by providing substantially more financial help, which Europe is refusing to commit, preferring to focus on financial regulatory reform. In the end, a formulaic compromise will be found to include both in the statement.

Introduce media reform, e.g., internationally recognized professional journalistic standards, through regulatory practices and private engagement with media entities.

The Bretton Woods institutions have a special role to play, especially in working with African countries to reform public institutions in the financial sector and to support the development of transparent economic and regulatory procedures and practices.

Efforts were under way in several developing countries to strengthen the financial regulatory and supervisory framework.

Absent international coordination, the opportunities for destructive regulatory competition will defeat regulatory reform. Finally, both the interdependence and global risk that are evident in this crisis will and probably should cause countries to adopt policies with respect to financial structures that provide for some insulation from external shocks, even if such policies impose a cost.

Obama wants to expand federal command and control regulation further (though the courts have stopped his extension of some regulatory powers). Romney vows an economically balanced approach that would reform Obama s major health care, environmental, and financial services regulations.

In June 2003, ASEAN 3 agreed to harmonize financial policies and standards, regulatory systems and tax treatments.

These range from direct assistance in the implementation of projects to training, seminars and support for regulatory reform and for restructuring.

The reform process was often inspired by international financial institutions.

The ongoing reform of the multilateral financial institutions was noted.

(g) Increased capacity of regulatory and supervisory authorities to develop conducive legal framework for an inclusive financial sector

any supervisory or regulatory authority of financial institutions in Barbados and the appropriate supervisory or regulatory authority of financial institutions of another country, at the request of that authority, where there is a branch, holding company or affiliate of the licensee operating in that country.

In economic policy reform, the World Bank is working to help Governments undertake economic, policy and regulatory reforms that discourage corruption and fraud.

Institutional care tends to attract financial support, and this presents risks to children, especially where regulatory policies are weak.

The Act also included regulatory measures over banks and non bank financial institutions in compliance with relevant international instruments.

Borrowers and lenders can resort to cross border financial flows to evade domestic controls and erode the integrity of regulatory standards at home. To prevent such regulatory arbitrage, domestic regulators may be forced to take measures against financial transactions originating from jurisdictions with more lax regulations.

We had a financial regulatory regime based on the assumptions that traders were rational creatures who wouldn't do anything stupid.

In this way the material can be assessed from different angles i.e. from a criminal, fiscal and financial regulatory angle.

The implication is clear Central banks should focus on developing more effective macro prudential instruments. They should widen the regulatory perimeter that is, they should work to bring nonbank financial institutions under their regulatory umbrella.

The Commission was established in March 2004, as an independent regulatory body that focuses on licensing, supervision of licensees, monitoring of financial services in general, reviewing existing financial services legislation and making recommendations for new legislation, as well as maintaining contact with appropriate foreign and international regulatory authorities.3

IV. Developing economies growth, reform, financial crisis A. Africa will it sustain the growth impulse? B. Latin America and the Caribbean recovery and new reform C. East Asia financial shake out takes hold

Article 7 The securities regulatory agency under the State Council, the People's Bank of China and other financial regulatory authorities under the State Council should establish information sharing mechanism of supervision and administration over securities firms.

In India, the government has announced the establishment of the Financial Stability and Development Council (FSDC) to address inter regulatory coordination issues and provide macro prudential supervision. In the United States, the Dodd Frank Wall Street Reform and Consumer Protection Act, and new initiatives to monitor the safety of financial products, could alter the architecture of finance.

These include direct financial support, e.g. financial assistance to overcome a shortage of venture capital or seed money to establish venture capital funds fiscal and credit incentives, e.g. exemption from import duties on equipment, tax exemptions on royalties, accelerated depreciation schemes or subsidized loans and deregulation, e.g. regulatory reform in order to remove the boundaries between different services.

The proposed changes seek to recognize credit unions as financial cooperatives and to create a legislative and regulatory framework for them.

The list of potential policy actions that could benefit the United States trade liberalization, comprehensive regulatory reform, and immigration and education reform, among others is long. But only two policies are particularly promising for such a Pact for America federal infrastructure spending and corporate tax reform.

The financial crippling of the United Nations continued to obstruct the momentum for reform, preventing constructive negotiations for genuine reform of the Organization.

3. Also stresses the importance at the national level of sound macroeconomic policies and policies aimed at strengthening the institutional capacities and regulatory frameworks, especially the regulatory and supervisory systems of the domestic financial and banking sectors

Some experts pointed out that there is a need to properly pace and sequence liberalization and regulatory reform and to cautiously make commitments in the WTO.

The persistence of debt crises underscores the need to reform the international financial system.

Such financial support is especially vital in the critical domain of security sector reform.

Appeals by developing countries to reform the international financial architecture fell on deaf ears.

Financial aid Planning Legal reform Offers to provide assistance were made by 39 countries.

A similar case could be made on the closely related question of financial reform.

It is worth touching on the key issues of Security Council and financial reform.