beyond their own borders have become increasingly popular in fields as diverse as banking,
securities and derivatives regulation. The attractiveness of extra-territorial regulation for
policy-makers is obvious: in a world still reeling from the 2008 financial crisis, regulators can
export policy preferences unilaterally while preventing some of the most malicious forms of
regulatory arbitrage that can undermine their effectiveness.
TPRC43 Conference: September 25-27, 2015, George Mason University School of Law, Arlington, VA