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'Best Practices' and 'Soft Law' in the Financial Market

This article describes the link between best practices and soft law in the financial market. The aim of the work is to understand if best practices are a management tool only or if they are 'pieces' of soft law. The analysis of "soft enforcement" and "soft remedies" shows the benefit of this new regulatory paradigm, to see if it improves the efficiency of the market, as this work aims to demonstrate, or not.