This article investigates: the history of financial derivatives regulation in Australia and the United States - use of anti-speculation laws as instruments of financial markets regulation - the use of State gaming and wagering laws has undermined market and investor confidence - failed to serve the objectives of regulatory certainty and regulatory neutrality - incremental measures embodied within the Financial Services Reform Act 2001 (CTH) removing the effects of anti-speculation laws from financial markets have been long overdue.
Journal of Banking and Finance Law and Practice,
Vol. 13, no. 1 (Mar 2002), pp. 15-27