Regulatory Competition in Global Financial Markets – the Case for a Special Resolution Regime evaluates the power of market pressure on the way financial regulation is made. It argues that the phenomena of arbitrage and competition in financial rulemaking are potentially more problematic than elsewhere. The resulting dynamics may require regulatory intervention: the traditional response has been to promote international harmonization of legal rules with extraterritorial reach as a comparable unilateral response. In contrast to these traditional concepts, the author introduces the benefits that a special resolution regime for financial institutions can bring to the debate arguing that resolution regimes can help introduce market discipline and that threats to market stability can be eliminated where an effective and credible global framework is in place.