The United States, however, cannot be a regulatory island among competing nations of the world. In an international marketplace of multinational corporations, instant transfers of wealth, lightning fast communications, and globalized trading systems for equities and securities, if . regulations are anomalous or significantly more “burdensome” than those in other industrialized nations, business and transactions could migrate toward other markets. Hence, many have emphasized the need to coordinate regulatory changes among nations. The vehicle for forming an international consensus on measures to be taken by individual countries is the G-20 along with the International Monetary Fund and new Financial Stability.
