Regulatory Competition in Global Financial Markets: The Case for a Special Resolution Regime evaluates the power of market pressure on the way financial regulation is made. It argues that the phenomena of arbitrage and competition in financial rulemaking are potentially more problematic than elsewhere. This is linked to the ease of arbitrage on the one hand, and to the risks of deregulation for global financial stability of the other. This monograph demonstrates that regulatory competition in financial markets is a reality and evaluates its merits. Regulatory competition in financial markets...