Legal spotlight: principles-based regulation
The FSA is changing the way it regulates financial markets. Bertrand Huet examines what the adoption of principles-based regulation will mean for market participants
Once separated by vast oceans and national boundaries, our capital markets are more interconnected now than ever before. Technology, innovation and globalisation are transforming domestic capital markets. In this brave new world, financial markets - and the issuers, intermediaries and investors that underpin economic growth - will be required to adapt to an environment of continuous innovation and product development. And as the industry's products, services and participants change, so too must
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