As things stand now, each country’s financial system is being sustained and supported by its own government. Governments are primarily concerned with their own economies. This gives rise to financial protectionism, which threatens to disrupt and perhaps destroy global financial markets. So, regulations must become international in scope. Otherwise, global financial markets will be destroyed by regulatory arbitrage.

Question

Examsnet · Accepted Answer

Correct Answer is : Global markets need international guidelines for the smooth running of global trade

Management Aptitude Test Dec 2013 Paper