Banking and financial regulation in emerging markets
In: International Journal of Law and Management: Volume 57, Issue 3
In: International Journal of Law and Management Volume 57, Number 4
In light of the economic deregulation and financial policy amendments, there is a great deal of capital-flows and interconnected financial activities between the developed and developing countries. As such, banking operations have become very complex and some financial institutions through their sheer reach, across geographies and markets have become 'too big to fail'. For example, international banking involves a variety of activities such as deposits/loans to countries but also covers cross-border operations, trade finance, foreign exchange, corresponding banking, international payment servi