Financial Market Regulation

With contributions from academics, policy experts, and a sponsor of the GLBA, Congressman James Leach, this book is invaluable to anyone interested in financial system reform. What role should regulation play in financial markets?

Financial Market Regulation

What role should regulation play in financial markets? What have been the ramifications of financial regulation? To answer these and other questions regarding the efficacy of legislation on financial markets, this book examines the impact of the Gramm Leach Bliley Act (GLBA), also called the Financial Modernization Act of 1999, which fundamentally changed the financial landscape in the United States. The GLBA allows the formation of financial holding companies that can offer an integrated set of commercial banking, securities and insurance products. The tenth anniversary of the most sweeping financial legislation reform in the industry’s structure is a natural benchmark for assessing the effects of the law and for questioning whether changes are necessary in the working of this historic legislation. The importance of this review is reinforced by a variety of proposals in the last several years to reform the regulation of financial institutions that have attracted considerable attention among regulators and in the financial firms that they regulate. Most recently, the financial crisis and the failure of some large financial institutions have called into question the legitimacy of America’s current financial structure and its regulation, including to some degree the GLBA. There is no doubt that regulatory reform is front and center on today’s policy agenda. The lessons of the GLBA experience and its effects, both domestic and international, on financial markets and competitiveness, risk-taking and risk management by financial services firms and their regulators will be critical to the direction the country takes and the effort to ensure that future financial crises do not occur or have less costly damage. With contributions from academics, policy experts, and a sponsor of the GLBA, Congressman James Leach, this book is invaluable to anyone interested in financial system reform.

More Books:

Financial Market Regulation
Language: en
Pages: 240
Authors: John A. Tatom
Categories: Business & Economics
Type: BOOK - Published: 2011-01-13 - Publisher: Springer

What role should regulation play in financial markets? What have been the ramifications of financial regulation? To answer these and other questions regarding the efficacy of legislation on financial markets, this book examines the impact of the Gramm Leach Bliley Act (GLBA), also called the Financial Modernization Act of 1999,
The Political Economy of Financial Market Regulation
Language: en
Pages: 255
Authors: Peter Mooslechner
Categories: Finance
Type: BOOK - Published: 2006 - Publisher: Edward Elgar Publishing

'In this very nice volume reputed academics and central bankers discuss recent regulatory reforms in financial governance from a political economy perspective. Therefore it is invaluable for both policymakers and scholars interested in financial governance and market regulation.' - Sylvester C.W. Eijffinger, Tilburg University, The Netherlands, Centre for Economic Policy
Restructuring Regulation and Financial Institutions
Language: en
Pages: 484
Authors: James R. Barth, R. Dan Brumbaugh, Glenn Yago
Categories: Business & Economics
Type: BOOK - Published: 2001-08-31 - Publisher: Springer Science & Business Media

Policy makers around the globe will find that Restructuring Regulation and Financial Institutions offers a cogent assessment of the contemporary regulatory environment in the U.S. financial markets, and a blueprint for action in evolving global financial markets. Financial markets are among the most highly-regulated markets in the world. Nevertheless, financial
Democracy and Diversity in Financial Market Regulation
Language: en
Pages: 182
Authors: Nicholas Dorn
Categories: Business & Economics
Type: BOOK - Published: 2014-08-13 - Publisher: Routledge

Financial markets have become acknowledged as a source of crisis, and discussion of them has shifted from economics, through legal and regulatory studies, to politics. Events from 2008 onwards raise important, cross-disciplinary questions: must financial markets drive states into political and existential crisis, must public finances take over private losses,
Transparency and Fragmentation
Language: en
Pages: 303
Authors: J. Board, C. Sutcliffe, S. Wells
Categories: Business & Economics
Type: BOOK - Published: 2002-07-16 - Publisher: Springer

This is the first major treatment of the effects of increased transparency on financial markets: an important and highly controversial issue for both traders and regulators. Focussing on three main themes - market transparency, the consolidation-fragmentation of trading systems, and the scope of regulation (i.e. which markets, and which traders