Camille Stoll-Davey holds a degree in accounting from Barry University, and a diploma in law from Oxford Brookes University, and is qualified as a Certified Public Accountant. She has held various senior positions in the finance industry and is currently completing her doctorate in financial law at the University of Oxford.

• Foreword – Ransford Smith, Deputy Secretary-General, Commonwealth Secretariat Executive Summary I. Introduction II. Background to the 2006 Assessment IIa. Competition among Financial Centres IIb. Capital mobility IIc. Market efficiency IId. Global competition and Regulatory response IIe. Democratic Deficit III. The ‘Level Playing Field’ in Context IV. Methodology V. Review of Selected Countries Va. First Group – OECD countries Vb. Second Group – ITIO countries Vc. Third Group – non-ITIO and non-OECD countries VI. Observations VII. The Implications of the use of DTCs as compared with TIEAs VIII. A Way Forward IX. Conclusion AppendicesBibliography

Camille Stoll-Davey holds a degree in accounting from Barry University, and a diploma in law from Oxford Brookes University, and is qualified as a Certified Public Accountant. She has held various senior positions in the finance industry and is currently completing her doctorate in financial law at the University of Oxford.

• Foreword – Ransford Smith, Deputy Secretary-General, Commonwealth Secretariat Executive Summary I. Introduction II. Background to the 2006 Assessment IIa. Competition among Financial Centres IIb. Capital mobility IIc. Market efficiency IId. Global competition and Regulatory response IIe. Democratic Deficit III. The ‘Level Playing Field’ in Context IV. Methodology V. Review of Selected Countries Va. First Group – OECD countries Vb. Second Group – ITIO countries Vc. Third Group – non-ITIO and non-OECD countries VI. Observations VII. The Implications of the use of DTCs as compared with TIEAs VIII. A Way Forward IX. Conclusion AppendicesBibliography

Camille Stoll-Davey holds a degree in accounting from Barry University, and a diploma in law from Oxford Brookes University, and is qualified as a Certified Public Accountant. She has held various senior positions in the finance industry and is currently completing her doctorate in financial law at the University of Oxford.

• Foreword – Ransford Smith, Deputy Secretary-General, Commonwealth Secretariat Executive Summary I. Introduction II. Background to the 2006 Assessment IIa. Competition among Financial Centres IIb. Capital mobility IIc. Market efficiency IId. Global competition and Regulatory response IIe. Democratic Deficit III. The ‘Level Playing Field’ in Context IV. Methodology V. Review of Selected Countries Va. First Group – OECD countries Vb. Second Group – ITIO countries Vc. Third Group – non-ITIO and non-OECD countries VI. Observations VII. The Implications of the use of DTCs as compared with TIEAs VIII. A Way Forward IX. Conclusion AppendicesBibliography