Global Financial Regulation

Now with a revised and updated introduction, which catalogues the changes made since the credit crisis erupted, this guide to the international system will be invaluable for regulators, financial market practitioners and for students of the ...

Global Financial Regulation

As international financial markets have become more complex, so has the regulatory system which oversees them. The Basel Committee is just one of a plethora of international bodies and groupings which now set standards for financial activity around the world, in the interests of protecting savers and investors and maintaining financial stability. These groupings, and their decisions, have a major impact on markets in developed and developing countries, and on competition between financial firms. Yet their workings are shrouded in mystery, and their legitimacy is uncertain. Here, for the first time, two men who have worked within the system describe its origins and development in clear and accessible terms. Howard Davies was the first Chairman of the UK's Financial Services Authority, the single regulator for the whole of Britain's financial sector. David Green was Head of International Policy at the FSA, after spending thirty years in the Bank of England, and has been closely associated with the development of the current European regulatory arrangements. Now with a revised and updated introduction, which catalogues the changes made since the credit crisis erupted, this guide to the international system will be invaluable for regulators, financial market practitioners and for students of the global financial system, wherever they are located. The book shows how the system has been challenged by new financial instruments and by new types of institutions such as hedge funds and private equity. Furthermore, the growth in importance of major developing countries, who were excluded for far too long from the key decision-making for a has led to a major overhaul. The guide is essential reading for all those interested in the development of financial markets and the way they are regulated. The revised version is only available in paperback.

More Books:

Global Financial Regulation
Language: en
Pages: 328
Authors: Howard Davies, David Green
Categories: Business & Economics
Type: BOOK - Published: 2013-05-08 - Publisher: John Wiley & Sons

As international financial markets have become more complex, so has the regulatory system which oversees them. The Basel Committee is just one of a plethora of international bodies and groupings which now set standards for financial activity around the world, in the interests of protecting savers and investors and maintaining
Financial Regulation and Stability
Language: en
Pages: 352
Authors: Charles Goodhart, Dimitrios P. Tsomocos
Categories: BUSINESS & ECONOMICS
Type: BOOK - Published: 2019 - Publisher: Edward Elgar Publishing

This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how financial stability can be assessed and measured continuously, and discuss the interrelationships between liquidity and default. Without default there would be no concern about liquidity. But
Research Handbook on International Financial Regulation
Language: en
Pages: 464
Authors: Kern Alexander, Rahul Dhumale
Categories: Law
Type: BOOK - Published: 2012 - Publisher: Edward Elgar Publishing

The globalisation of financial markets has attracted much academic and policymaking commentary in recent years, especially with the growing number of banking and financial crises and the current credit crisis that has threatened the stability of the global financial system. This major new Research Handbook sets out to address some
International Law in Financial Regulation and Monetary Affairs
Language: en
Pages: 470
Authors: Thomas Cottier, John H. Jackson, Rosa M. Lastra
Categories: Law
Type: BOOK - Published: 2012-10-04 - Publisher: OUP Oxford

The early twenty-first century has seen a conspicuous absence of formal international law concerning money and finance. This book argues that this lack of formal international regulation was a significant contributing factor to the global financial crisis that began in 2007. It focuses on this lack of global substantive principles
From Crisis to Crisis
Language: en
Pages: 332
Authors: Ross P. Buckley, Douglas W. Arner
Categories: Business & Economics
Type: BOOK - Published: 2011-01-01 - Publisher: Kluwer Law International B.V.

The global financial system has proven increasingly unstable and crisis-prone since the early 1980s. The system has failed to serve either creditors or debtors well. This has been reinforced by the global financial crisis of 2008, where we have seen systemic weaknesses bring rich countries to the brink of bankruptcy