Securities Industry Regulation. Implications for Exchanges’ Performances

Josanco Floreani and Maurizio Polato
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Josanco Floreani: University of Udine
Maurizio Polato: University of Udine

Chapter 3 in The Economics of the Global Stock Exchange Industry, 2014, pp 68-96 from Palgrave Macmillan

Abstract: Abstract It is well known that the regulatory framework has paramount importance for the efficient functioning of the finance industry. The rationale behind financial regulation is to prevent market failures which would hamper the flow of funds to the most efficient investment opportunities. Nearly all actors in the financial industry (institutions, markets and issuers) are subject to regulation.

Keywords: Capital Market; Market Centre; Price Discovery; Regulatory Competition; Order Flow (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-32183-1_3

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DOI: 10.1057/9781137321831_3

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