JOURNAL ARTICLE
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Hybride Regulierungsinstrumente im Finanzmarktrecht. Grundkonzept, aktuelle Anwendungsfälle und Entwicklungspotential
Die Verwaltung, Vol. 49 (2016), Iss. 3 : pp. 369–396
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Prof. Dr. Steffen Augsberg, Justus-Liebig-Universität Gießen, Hein-Heckroth-Straße 5, 35390 Gießen
Abstract
The regulation of financial markets makes use of a variety of instruments. The paper argues that among these are “hybrid mechanisms” that transcend and call into question the traditional boundaries of state regulation and societal self-regulation. After a short introduction to the basic components the concept and its key areas of operation are exemplified by a number of recent regulatory activities.