An increasing number of nations are recognizing the need of coordinating the regulatory activities so that all financial firms,serving international markets,operate under similar rules.This is known as:

Question

Quizplus · Accepted Answer

Harmonization refers to the process of coordinating regulatory activities across different nations so that all financial firms serving international markets operate under similar rules. This helps to reduce the regulatory burden for financial firms and promotes greater consistency and transparency in the global financial system.

An Increasing Number of Nations Are Recognizing the Need of Coordinating