Regulating financial services and markets in the twenty first century
The essays in this work offer a high-level examination of the most important issues facing financial services regulation,and the far-reaching effects of the Financial Services and Markets Act 2000 on the UK financial sector in the context of rapid global change. Taking an interdisciplinary approach the book includes contributions by many distinguished academic authorities on the law and economics of regulation, and also some of the most influential practitioners, regulators and policymakers. As such it provides an authoritative analysis of the underlying issues affecting the broad development of financial services regulation: the objectives of regulation, the responsibilities of the regulated community, the accountability of regulators, the regulation of electronic financial markets and the impact of stock market mergers, regional regulation within Europe, and the development of global financial regulation
x, 345 pages ; 24 cm
9781841132792, 1841132799
47117797
Part 1 General overview: regulating financial services and markets in the 21st century - an overview, Eilis Ferran and Charles A.E. Goodhart; reforming financial regulation - progress and priorities, Howard Davies. Part 2 Objectives and principles: regulatory principles and the financial services and markets act 2000, Colin Mayer; examining the objectives of financial regulation - will the new regime succeed? a practitioner's view, Amelia C. Fawcett; "incentive v. rule-based financial regulations" - a role for market discipline, Rahul Dhumale. Part 3 Regulation of senior management: directors' fiduciary duties and the approved persons regime, Colin Bamford; fiduciary duties, regulation of companies and regulation of individuals, Adam Ridley. Part 4 Discipline, enforcement and human rights: regulatory discipline and the European contention on human rights - a reality check, Daniel F. Waters and Martyn Hopper; holding the balance - effective enforcement, procedural fairness and human rights, Thomas A.G. Beazley. Part 5 Accountability: regulating the regulator -a lawyer's perspective on accountability and control, Alan Page; regulating the regulator - an economist's perspective on accountability and control, Charles A.E. Goodhart; public accountability in the financial sector, Rosa M. Lastra and Heba Shams. Part 6 European regulation: regulating European markets - the harmonization of securities regulation in Europe in the new trading environment, Eddy Wymeersch; the case for a European securities commission, Gilles Thieffry. Part 7 International regulation: new issues in international financial regulation, John Eatwell; the financial stability forum (FSF) - just another acronym?, Andrew G. Haldane; the need for efficient international financial regulation and the role of a global supervisor, Kern Alexander. Part 8 Role of rating agencies: the role of rating agencies in global market regulation, Steven L. Schwarcz; the role of credit rating agencies in the establishment of capital standards for financial institutions in a global economy, Howell E. Jackson. Part 9 Technological change and regulation: the challenge of technology - regulation of electronic financial markets.