FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W178322859> ?p ?o ?g. }

• W178322859 abstract "This Paper, written for the “Globalization of the United States Litigation Model” symposium at Brooklyn Law School (October 21, 2011), inquires on whether emerging capital markets are shifting toward enhanced regulatory intensity in the enforcement of their securities laws, under the context of global legal convergence. It ventures into this puzzle of globalization, corporate law enforcement, and financial development, in light of the increasing phenomenon of regulatory convergence and international cooperation among securities regulators, in the realm of capital market surveillance and enforcement.Focus is placed on the emerging Latin American region, namely Brazil’s securities market. The study explores Brazil’s securities enforcement system during the wave of legal and institutional reform dating back to the turn of the century, resulting from competing dynamics between incumbent controlling owners resisting change, and global forces demanding enhanced corporate law and governance.A decade onward, aim is set at identifying and reflecting upon selected instances that, when combined and analyzed, suggest that Brazil has pursued the enforcement of its securities laws with enhanced regulatory intensity — both as a result of i) adopting a more robust institutional design with enforcement structures and practices characteristic to developed global markets, and; ii) boosting implementation of these practices, in view of preliminary evidence of enforcement on the ground, in terms of actual enforcement activity and resources allocation toward market surveillance.The evidence identifies a transformation of Brazil’s securities enforcement system during the past decade, revolving around its Securities and Exchange Commission (CVM). The research showcases how CVM came to embody features of securities enforcement systems in developed markets — like the U.S. model. These features are much in line with what the U.S. academic literature has envisioned as enforcement guidelines that emerging capital markets should follow for effective enforcement. They include, among others, CVM (1) adopting a fundamental policy to prioritize enforcement; (2) modeling its structure after the U.S. SEC’s “sole-entity” model, including an independent Board of Commissioners; (3) undergoing a conversion into an ex-post law enforcement-driven agency; (4) achieving considerable political independence from the executive branch; (5) establishing a stand-alone enforcement program with a mandate; (6) having access to an enhanced tool-kit to combat serious corporate wrongdoing in “real-time”; (7) institutionalizing the ability to settle with wrongdoers; and (8) relying on a “multiple-enforcers” approach involving active collaboration among public, private, and self-regulatory enforcement channels — by establishing partnerships with the industry, via a sophisticated self-regulatory regime, sharing the burden of market surveillance with a quasi-governmental FINRA-like SRO; with the criminal justice authorities; with the international community; and, to a lesser extent, with the judiciary. Accordingly, the latter half of the decade witnessed an increase in implementation in terms of budget, staffing, and actual enforcement activity, yielding a surge in administrative actions, sanctions, and settlements, and a more visible targeting of serious misconducts.The study sheds light on how these developments may speak to the globalization of securities enforcement and the influence of developed markets in the evolution of emerging securities enforcement systems. It showcases how Brazil’s recent experience with securities enforcement, could well be a reflection of the path lying ahead for emerging capital markets in today’s global arena." @default.
• W178322859 created "2016-06-24" @default.
• W178322859 creator A5048595118 @default.
• W178322859 date "2012-09-06" @default.
• W178322859 modified "2023-09-23" @default.
• W178322859 title "Globalization of Securities Enforcement: A Shift Toward Enhanced Regulatory Intensity in Brazil’s Capital Market?" @default.
• W178322859 hasPublicationYear "2012" @default.
• W178322859 type Work @default.
• W178322859 sameAs 178322859 @default.
• W178322859 citedByCount "1" @default.
• W178322859 countsByYear W1783228592015 @default.
• W178322859 crossrefType "posted-content" @default.
• W178322859 hasAuthorship W178322859A5048595118 @default.
• W178322859 hasConcept C10138342 @default.
• W178322859 hasConcept C121087249 @default.
• W178322859 hasConcept C143910263 @default.
• W178322859 hasConcept C144133560 @default.
• W178322859 hasConcept C151730666 @default.
• W178322859 hasConcept C162324750 @default.
• W178322859 hasConcept C17744445 @default.
• W178322859 hasConcept C19244329 @default.
• W178322859 hasConcept C199539241 @default.
• W178322859 hasConcept C2119116 @default.
• W178322859 hasConcept C2779343474 @default.
• W178322859 hasConcept C2779777834 @default.
• W178322859 hasConcept C34447519 @default.
• W178322859 hasConcept C39389867 @default.
• W178322859 hasConcept C5600068 @default.
• W178322859 hasConcept C86803240 @default.
• W178322859 hasConceptScore W178322859C10138342 @default.
• W178322859 hasConceptScore W178322859C121087249 @default.
• W178322859 hasConceptScore W178322859C143910263 @default.
• W178322859 hasConceptScore W178322859C144133560 @default.
• W178322859 hasConceptScore W178322859C151730666 @default.
• W178322859 hasConceptScore W178322859C162324750 @default.
• W178322859 hasConceptScore W178322859C17744445 @default.
• W178322859 hasConceptScore W178322859C19244329 @default.
• W178322859 hasConceptScore W178322859C199539241 @default.
• W178322859 hasConceptScore W178322859C2119116 @default.
• W178322859 hasConceptScore W178322859C2779343474 @default.
• W178322859 hasConceptScore W178322859C2779777834 @default.
• W178322859 hasConceptScore W178322859C34447519 @default.
• W178322859 hasConceptScore W178322859C39389867 @default.
• W178322859 hasConceptScore W178322859C5600068 @default.
• W178322859 hasConceptScore W178322859C86803240 @default.
• W178322859 hasOpenAccess W178322859 @default.
• W178322859 hasRelatedWork W1494372271 @default.
• W178322859 hasRelatedWork W1499723877 @default.
• W178322859 hasRelatedWork W1512984546 @default.
• W178322859 hasRelatedWork W1522800415 @default.
• W178322859 hasRelatedWork W1539392003 @default.
• W178322859 hasRelatedWork W1569055441 @default.
• W178322859 hasRelatedWork W1597470869 @default.
• W178322859 hasRelatedWork W1602472886 @default.
• W178322859 hasRelatedWork W1996397116 @default.
• W178322859 hasRelatedWork W2063226238 @default.
• W178322859 hasRelatedWork W2211618621 @default.
• W178322859 hasRelatedWork W22510501 @default.
• W178322859 hasRelatedWork W2262678224 @default.
• W178322859 hasRelatedWork W246976097 @default.
• W178322859 hasRelatedWork W3022668258 @default.
• W178322859 hasRelatedWork W3088046070 @default.
• W178322859 hasRelatedWork W3124144442 @default.
• W178322859 hasRelatedWork W349527083 @default.
• W178322859 hasRelatedWork W69283799 @default.
• W178322859 hasRelatedWork W2102084346 @default.
• W178322859 isParatext "false" @default.
• W178322859 isRetracted "false" @default.
• W178322859 magId "178322859" @default.
• W178322859 workType "article" @default.