They should do so quickly, given the determination of politicians to overhaul the regulation of financial markets.
As a result, the regulation of financial markets is still fragmented and the reforms originally adopted with so much fanfare remain incomplete.
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Further cuts in income tax are due in 2003 and 2005, and a law that is intended to improve the regulation of financial markets is going through parliament.
For some reason this puts him in charge of EU regulation of the financial markets.
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Bovespa provides trading, clearing, custody, and other services with regulation of the financial markets by the Securities and Exchange Commission of Brazil.
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Regulation of financial services and markets will be addressed in a separate paper, which will be published later this year.
Mrs Merkel has also called for tougher regulation of banks and financial markets ahead of next month's G20 summit in Canada.
Legislation will be introduced to improve the regulation of financial services and markets, with a new statutory regulator, the Financial Services Authority.
Take the latest German-French missive, on December 7th: it speaks of euro-zone action on financial regulation, labour markets, a financial-transactions tax and the harmonisation of the corporate-tax base.
It took a number of years of flawed policy decisions, of an absence of appropriate oversight and regulation, of unfortunate risky behavior in our financial markets to precipitate the economic free fall that we all experienced in 2008 and 2009.
Also, no amount of regulation will produce stable financial markets without a stable dollar.
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Currency fluctuation, a lack of financial transparency, currency control regulation, and other characteristics of many emerging markets keep the less informed investor away from these markets.
The financial markets require regulation and thousands of state and federal employees have as their direct responsibility the policing of banks and stock brokers and hedge fund managers and pension trustees.
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This is an occasion when in the face of financial meltdown action is demanded, regulation is essential, a clarity of approach is fundamental and markets demand nothing less.
In a paper in 2005, Howell Jackson, of Harvard Law School, reckoned that whereas the main aim of American financial regulation was to protect consumers, British regulation was more preoccupied with the smooth functioning of markets and keeping costs down.
Glass-Steagall had kept regulation and FDIC insurance quarantined to a small part of the financial markets.
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Next week the House Financial Services Committee will also hear on the question of regulation in the mortgage markets.
The binary option and derivatives trading site Nadex was recently turned down for regulation when it attempted to include political event contracts in its already-regulated range of markets for financial contracts.
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As with Katrina, there is a back story for government's dysfunction: It's a long saga involving the fervent renunciation of the idea of financial regulation, bought-and-paid-for tax favors, confusion about how globalization affects money markets, a general ignorance about the modern financial world and a stunning lack of common sense.
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