INTERNATIONAL: Enforcement is key to financial rules
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In this article
- Regulatory breakdown
- United States
- United Kingdom
- Rules-based regulation
- Convergence
- Obstacles to principles approach
- No unitary regulator
- State law complications
- Civil litigation system
- Principles framework not crucial
- Principles-based regulation
- Unitary regulator
- Enforcement
- Implications for regulatory design
- Role of bully pulpit
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