Staff
Publication details for Dr Pierre Schammo
Schammo, P. (2008). Regulating transatlantic stock exchanges. International and Comparative Law Quarterly 57(4): 827-862.- Publication type: Journal Article
- ISSN/ISBN: 0020-5893, 1471-6895
- DOI: 10.1017/S0020589308000651
- Further publication details on publisher web site
- Durham Research Online (DRO) - may include full text
Author(s) from Durham
Abstract
This paper examines the regulatory questions surrounding transatlantic stock exchange consolidation. Underlying these questions is, in essence, a problem of fit between, on the one hand, the market space and, on the other hand, the regulatory space. Legislation which has predominantly a domestic focus is outdated in view of the increasingly global focus of financial market actors. High-profile mergers such as NYSE Euronext have brought the problem of the regulation of transatlantic or indeed global stock exchanges to the fore. Which national securities laws apply? What consequences does technological integration have for the regulatory position of exchanges and financial market actors? What are the extraterritorial implications? This article takes these questions as a starting point for investigating the problems of, and solutions to, transatlantic stock exchange consolidation.
