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New Trends in Sharemarket Regulation

1 February 2012
The global financial crisis of 2007/8 called into question the adequacy of regulatory systems around the developed world. The integrity of securities markets is critical to investor confidence post-GFC.

Market regulators worldwide have reacted by pursuing certain kinds of egregious market conduct and in Australia there has been the shift from self-regulation to government-regulation. ASX passed the regulatory reigns to ASIC in preparation for the opening of the market to competition - Chi-X opened a competing market in October 2011 and others may follow.

In this context it was timely for the sixth annual Supreme Court Conference on Corporate Law to explore issues associated with the regulation of Australian and global securities markets. The Conference was held in August 2011 and organised by the Supreme Court of New South Wales, the Law Society of New South Wales and the Ross Parsons Centre of Commercial, Corporate and Taxation Law.

New Trends in Sharemarket Regulation comprises edited transcripts and written papers from the Conference and will be of interest to lawyers, bankers, company directors and others interested in Australian and global securities markets.

Contents include:
- Current US and international trends in market and share trading regulation, by Professor Donald Langevoort
- Recent legal developments on market manipulation and insider trading, by Dr Greg O'Mahoney
- Market law reform and market reality, by Dr Kevin Lewis
- ASIC's agenda for market integrity, by Mr Shane Tregillis
- Regulatory implications of a merger between the ASX and an overseas exchange, by Mr Alan Cameron AO

More information and purchasing details can be found on Parsons Centre publication