The Credit Crunch: International Regulatory Response

Law360, New York (October 3, 2008, 12:00 AM EDT) -- The international regulatory response to the credit crunch is threatened as politicians are distracted by the presidential elections in the United States, European Parliamentary elections and the replacement of the Barroso Commission.

But predictions that we are seeing the end of financial markets as we know them are likely to prove wide of the mark.

Successful regulation is always backed up by political will, and the potential absence of a clear direction in the U.S. and EU threatens to undermine the efforts of regulators to produce...
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