Principles of Financial Regulation

by John Armour, Dan Awrey, Paul Davies

The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution continues to accelerate. It is now clear that regulation must focus on the financial system as a whole, but this poses significant challenges for regulators. Principles of Financial Regulation describes how to address those challenges.

Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of regulation by drawing on economics, finance, and law methodologies. The volume examines regulation in a purposive and dynamic way by framing the book in terms of what the financial system does, rather than what financial regulation is. By analysing specific regulatory measures, the book provides readers to the opportunity to assess regulatory choices on specific policy issues and encourages critical reflection on the design of regulation.

Genres: Finance, Law

704 pages, Paperback

Published September 28, 2016

Reviews

[Helen · Rating 4 out of 5]

Great book if you want to know more on the specifics of the securities markets, bank behaviour and the regulation that governs them. Extremely well written and easy to understand with in-depth analysis on the pros and cons. For the most part the reader is given the facts and left to make their own decisions, although there are a few areas where the preferences of the authors are evident and given precidence. This is definitely required reading for anyone studying finance and banking, law or economics.