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Three thought-provoking questions for tutorial discussions on the regulation of global financial markets. Topics include the role of innovative firms like lehman brothers in bypassing regulations, identifying stakeholders, and the efficiency of a single regulatory structure for capital markets and intermediaries versus banks.
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Who are we regulating for – market competito rs, depositors/investors, borrowers/issuers, consumers, society at large? How can we satisfy all those needs on a global base?