Regulatory Mechanism for Financial Markets: Emerging Trends and Managerial implications

Abstract

Financial markets have significantly developed in the last decade around the globe and cross border capital flows have
increased many folds as a result of liberalization and globalization o f these markets. Regulatory failures causing financial
crisis have also occurred with greater frequency in the last ten years or so in both advanced and emerging economies. This
has created a need for a strong institutional regulatory mechanism capable of handling the challenges o f globalization and
arrests the incidences o f financial irregularities and scams. In this background the present paper is an attempt to address the
issues pertaining to financial sector regulation