The Future Of Financial Regulation: Domestic Laws And Regulations In India
- IJLLR Journal
- Apr 17
- 1 min read
Mitali Patel, Unitedworld School of Law, Karnavati University, Uvarsad Adalaj Road, Gandhinagar, Gujarat, 382422
Dr Mayura Sabne (Faculty), Unitedworld School of Law, Karnavati University, Uvarsad Adalaj Road, Gandhinagar, Gujarat, 382422
ABSTRACT
Financial markets are changing at a fast pace with globalization and emerging technology, and hence financial regulation has become more complex and important. This paper looks at the future of financial regulation by contrasting international standards and local regulations, in the general context of global governance. It explores how financial regulatory systems have changed, important international standards like the Basel Accords and FATF standards, and important local regulations in major economies like the United States, European Union, India, and China. The paper finds important challenges like regulatory arbitrage, geopolitical tensions, and the tension between national control and international agreement. The paper also talks about emerging trends like regulating fintech, cryptocurrencies, central bank digital currencies (CBDCs), and environmental, social, and governance (ESG) standards. Finally, the paper highlights the need for a more flexible, cooperative, and technology-friendly regulatory system that can protect global financial stability while catering to local needs.
