Equivalence and Substituted Compliance in Financial Markets Law

Increasingly extraterritorial regulation of states, protectionist tendencies, and the EU's tightening of its foreign trade policy result in a growing legal fragmentation that stands in stark contrast to the reality of global financial markets. This fragmentation can lead to restricted market access and poses significant legal and economic risks. Equivalence and Substituted Compliance in Financial Markets Law champions deference as a viable concept to counteract this development. The book ex...