Regulating International Financial Markets Issues And Policies

Regulating International Financial Markets Issues And Policies Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Regulating International Financial Markets Issues And Policies book. This book definitely worth reading, it is an incredibly well-written.

Regulating International Financial Markets: Issues and Policies

Franklin R. Edwards,Hugh T. Patrick
Regulating International Financial Markets Issues and Policies Book PDF

Author : Franklin R. Edwards,Hugh T. Patrick
Publisher : Springer Science & Business Media
Page : 318 pages
File Size : 44,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401138802

Get Book

Regulating International Financial Markets: Issues and Policies by Franklin R. Edwards,Hugh T. Patrick Pdf

Franklin R. Edwards Hugh T. Patrick As the 19908 unfold, we stand on the threshold of a new age of global financial markets. The seeminglyinevitable, market-driven dynamicofthe international integration of banking, securities, and futures markets is bringing about a profound transformation of financial flows and the efficiency and effectiveness of the domestic and international markets serving them. Propelled in the 1980s by a variety offorces-technological, economic, political, and (de)regulatory-the implications of international financial market integration are pervasive. This new era promises to raise a host of new public and business policy issues as well as opportunities. These include issues of financial market integrity, international competitiveness, and regulatory harmony. What will the rules of the game be? How will prudential concerns for the safety as well as the efficiency of international financial markets, and their national counterparts, be met? What are the appropriate new institutional arrangements? How and to what degree will international financial mar kets be supervised, harmonized, and regulated, and for what purposes? Whowill be makingthese decisions andimplementingthem?Thesearethe issues that confront-and bedevil-policymakers, practitioners, and scho lars alike. 1 2 INTRODUcnON The Context The 1980s were witness to major transformations of the international political, economic, andfinancial environment. Amongthe majordevelop ments was rapidly increasing international financial market integration across major nations and across financial product markets. The major sources of financial change were several, interrelated, and reinforcing.

The Regulation of International Financial Markets

Rainer Grote,Thilo Marauhn
The Regulation of International Financial Markets Book PDF

Author : Rainer Grote,Thilo Marauhn
Publisher : Cambridge University Press
Page : 358 pages
File Size : 52,6 Mb
Release : 2006-02-16
Category : Law
ISBN : 9781139450348

Get Book

The Regulation of International Financial Markets by Rainer Grote,Thilo Marauhn Pdf

International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets from a public international law and comparative law perspective.

Current Challenges in Financial Regulation

Stijn Claessens
Current Challenges in Financial Regulation Book PDF

Author : Stijn Claessens
Publisher : World Bank Publications
Page : 48 pages
File Size : 40,9 Mb
Release : 2006
Category : Bank
ISBN : 8210379456XXX

Get Book

Current Challenges in Financial Regulation by Stijn Claessens Pdf

Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold: to review current international thinking on what regulatory framework is needed to develop a financial sector that is stable, yet efficient, and provides proper access to households and firms; and to review the key experiences regarding international financial architecture initiatives, with a special focus on issues arising for developing countries. The paper outlines a number of areas of current debate: the special role of banks, competition policy, consumer protection, harmonization of rules-across products, within markets, and globally-and the adaptation and legitimacy of international standards to the circumstances facing developing countries. It concludes with some areas where more research would be useful.

Rethinking Regulation of International Finance

Uzma Ashraf Barton
Rethinking Regulation of International Finance Book PDF

Author : Uzma Ashraf Barton
Publisher : Kluwer Law International B.V.
Page : 280 pages
File Size : 42,8 Mb
Release : 2016-04-24
Category : Law
ISBN : 9789041189189

Get Book

Rethinking Regulation of International Finance by Uzma Ashraf Barton Pdf

Why have financial standards and institutions almost always failed to effectively predict and respond to real-world financial crises? The answer, this challenging book shows, is that international financial law suffers from a persistent lack of judicial or quasi-judicial enforcement mechanisms, leaving flaws in the structure of the international financial system that lead inevitably to excesses that threaten the public good of global financial stability. The author, an internationally renowned legal expert on financial and fiscal reforms, responds to the increasingly urgent call for rethinking the structure and the functioning of international financial law. Centering on the concept of enforcement – which continues to be an unresolved issue in the discipline of international financial law – the analysis describes the likely contours of hard-law regulatory reform. It weighs the pros and cons of much-talked-about regulatory and policy issues like the following and more: – policy implications from the transformation of finance from a domestic to an international concept; – new or revised supervisory and regulatory bodies with redefined mandate, jurisdictions and powers; – possibility of a treaty-based structure similar to the European Union’s integration framework; and – consolidation of crisis-prevention and crisis-management policies; The analysis takes into account instances from trade and monetary systems pertinent to the development of the discipline of international financial law. A concluding chapter explores possibilities for putting in place an asset-backed resilient financial system based on risk-sharing and empowered to legislate reform and authorized to seek compliance from its members. With its provision of unconventional alternatives for further development of international financial law to realize stable, predictable and robust international markets – including early-warning systems and fully primed crisis-prevention mechanisms – the book explores the essential link between global financial stability, effective regulation and institutional development that will engender realistic global policy solutions. It will prove to be of great importance to regulatory and legal practitioners as well as to academic and think-tank scholars.

International Law in Financial Regulation and Monetary Affairs

Thomas Cottier,John H. Jackson,Rosa M. Lastra
International Law in Financial Regulation and Monetary Affairs Book PDF

Author : Thomas Cottier,John H. Jackson,Rosa M. Lastra
Publisher : OUP Oxford
Page : 470 pages
File Size : 41,7 Mb
Release : 2012-10-04
Category : Law
ISBN : 9780191645211

Get Book

International Law in Financial Regulation and Monetary Affairs by Thomas Cottier,John H. Jackson,Rosa M. Lastra Pdf

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 and 'hard law' rules in the field of financial regulation and monetary affairs, and analyses the emerging framework within international law that aims to govern financial institutions and markets. The global financial crisis has demonstrated the essential need for financial and monetary regulatory reform, and for the establishment of appropriate mechanisms for the settlement of financial disputes and for the regulation of cross-border financial institutions. This book therefore presents the foundations of solutions that could fill these critical gaps in international financial law. It addresses cross-border issues, financial regulation, and provides detailed analyses of monetary policies and regulation. This book is an updated collection of papers first published in the Special Edition of the Journal of International Economic Law on 'The Quest for International Law in Financial Regulation and Monetary Affairs' (Volume 12, Number 3, September 2010), which also show that the regulatory hands-off approach was not replicated in other areas of international economic law. International trade regulation witnessed an increased number of international rules and the reinforcement of a rule-oriented, if not rule-based, approach. Judicial dispute settlement and retaliation, exclusively based upon international ruling and authorization, was reinforced. Given the importance of trade regulation and WTO law, which has an established institutional and legal framework, the book therefore provides a much-needed comparative approach.

The Role of Law and Regulation in Sustaining Financial Markets

Niels Philipsen,Guangdong Xu
The Role of Law and Regulation in Sustaining Financial Markets Book PDF

Author : Niels Philipsen,Guangdong Xu
Publisher : Routledge
Page : 389 pages
File Size : 46,7 Mb
Release : 2014-11-13
Category : Business & Economics
ISBN : 9781317750406

Get Book

The Role of Law and Regulation in Sustaining Financial Markets by Niels Philipsen,Guangdong Xu Pdf

This book explores the role of law and regulation in sustaining financial markets in both developed and developing countries, particularly the European Union, United States and China. The central argument of this book is that law matters for the operation of financial markets, which, in turn, significantly influences the performance of firms, industries, and economies. The Role of Law and Regulation in Sustaining Financial Markets is divided into four parts. Part one addresses the connection between law, financial development, and economic growth. Part two deals with the role of financial regulation, which can be used to correct market failures, such as negative externalities, information asymmetries, and monopolies. Part three focuses on the design, functioning, and performance of different financial instruments. Part four examines the topic of Corporate Social Responsibility. This book contributes to the ‘law and finance’ literature by studying certain conventional issues, such as the relationship between finance and economic growth, and the effects of regulatory quality on financial development, from new perspectives and/or with new evidence, data, and cases. It also explores novel topics, such as project finance contracts, insurance and climate change, the shadow banking system, that have been overlooked in current literature. This book is meaningful not only for the EU and the US, which have suffered considerably from the financial crisis of 2008, but also for China, which is struggling to build a sound institutional infrastructure to govern its increasingly complicated financial system. By comparing the regulatory philosophies and practices of the EU, the US and China, this book will help the reader to understand the diverse nature of the global ‘law and finance’ nexus and avoid succumbing to the myth of "one size fits all".

Global Financial Regulation

Howard Davies,David Green
Global Financial Regulation Book PDF

Author : Howard Davies,David Green
Publisher : John Wiley & Sons
Page : 180 pages
File Size : 44,9 Mb
Release : 2013-05-08
Category : Business & Economics
ISBN : 9780745655888

Get Book

Global Financial Regulation by Howard Davies,David Green Pdf

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.

International Banking Regulation:Law, Policy and Practice

George Walker
International Banking Regulation Law Policy and Practice Book PDF

Author : George Walker
Publisher : Kluwer Law International B.V.
Page : 654 pages
File Size : 54,6 Mb
Release : 2001-12-06
Category : Law
ISBN : 9789041197948

Get Book

International Banking Regulation:Law, Policy and Practice by George Walker Pdf

This work offers a comprehensive examination of the development and structure of the provisions for the control of international financial markets. It explores the background to the major financial crises of the late 20th-century and the nature of the global response.

Regulating Financial Services and Markets in the 21st Century

Eilís Ferran,Charles Albert Eric Goodhart
Regulating Financial Services and Markets in the 21st Century Book PDF

Author : Eilís Ferran,Charles Albert Eric Goodhart
Publisher : Hart Publishing
Page : 357 pages
File Size : 48,5 Mb
Release : 2001-09-11
Category : Law
ISBN : 9781841132792

Get Book

Regulating Financial Services and Markets in the 21st Century by Eilís Ferran,Charles Albert Eric Goodhart Pdf

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.

Global Bank Regulation

Heidi Mandanis Schooner,Michael W. Taylor
Global Bank Regulation Book PDF

Author : Heidi Mandanis Schooner,Michael W. Taylor
Publisher : Academic Press
Page : 352 pages
File Size : 47,6 Mb
Release : 2009-11-24
Category : Law
ISBN : 0080925804

Get Book

Global Bank Regulation by Heidi Mandanis Schooner,Michael W. Taylor Pdf

Global Bank Regulation: Principles and Policies covers the global regulation of financial institutions. It integrates theories, history, and policy debates, thereby providing a strategic approach to understanding global policy principles and banking. The book features definitions of the policy principles of capital regularization, the main justifications for prudent regulation of banks, the characteristics of tools used regulate firms that operate across all time zones, and a discussion regarding the 2007-2009 financial crises and the generation of international standards of financial institution regulation. The first four chapters of the book offer justification for the strict regulation of banks and discuss the importance of financial safety. The next chapters describe in greater detail the main policy networks and standard setting bodies responsible for policy development. They also provide information about bank licensing requirements, leading jurisdictions, and bank ownership and affiliations. The last three chapters of the book present a thorough examination of bank capital regulation, which is one of the most important areas in international banking. The text aims to provide information to all economics students, as well as non-experts and experts interested in the history, policy development, and theory of international banking regulation. Defines the over-arching policy principles of capital regulation Explores main justifications for the prudent regulation of banks Discusses the 2007-2009 financial crisis and the next generation of international standards of financial institution regulation Examines tools for ensuring the adequate supervision of a firm that operates across all time zones

Financial Market Regulation

John A. Tatom
Financial Market Regulation Book PDF

Author : John A. Tatom
Publisher : Springer Science & Business Media
Page : 243 pages
File Size : 52,7 Mb
Release : 2011-01-11
Category : Business & Economics
ISBN : 9781441966377

Get Book

Financial Market Regulation by John A. Tatom Pdf

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.

Current Challenges in Financial Regulation

Stijn Claessens
Current Challenges in Financial Regulation Book PDF

Author : Stijn Claessens
Publisher : Unknown
Page : 48 pages
File Size : 52,6 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703624

Get Book

Current Challenges in Financial Regulation by Stijn Claessens Pdf

Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold: to review current international thinking on what regulatory framework is needed to develop a financial sector that is stable, yet efficient, and provides proper access to households and firms; and to review the key experiences regarding international financial architecture initiatives, with a special focus on issues arising for developing countries. The paper outlines a number of areas of current debate: the special role of banks, competition policy, consumer protection, harmonization of rules - across products, within markets, and globally - and the adaptation and legitimacy of international standards to the circumstances facing developing countries. It concludes with some areas where more research would be useful.

Financial Regulation in the Global Economy

Richard J. Herring,Robert E. Litan
Financial Regulation in the Global Economy Book PDF

Author : Richard J. Herring,Robert E. Litan
Publisher : Brookings Institution Press
Page : 224 pages
File Size : 43,8 Mb
Release : 1994-12-01
Category : Business & Economics
ISBN : 0815791550

Get Book

Financial Regulation in the Global Economy by Richard J. Herring,Robert E. Litan Pdf

In recent years, the major industrialized nations have developed cooperative procedures for supervising banks, harmonized their standards for bank capital requirements, and initiated cooperative understanding about securities market supervision. This book assesses what further coordination and harmonization in financial regulation will be required in an era of increased globalization. A volume of Brookings' Integrating National Economies Series

Global Governance of Financial Systems

Kern Alexander,Rahul Dhumale,John Eatwell
Global Governance of Financial Systems Book PDF

Author : Kern Alexander,Rahul Dhumale,John Eatwell
Publisher : Oxford University Press
Page : 328 pages
File Size : 50,6 Mb
Release : 2005-09-08
Category : Business & Economics
ISBN : 0198037325

Get Book

Global Governance of Financial Systems by Kern Alexander,Rahul Dhumale,John Eatwell Pdf

The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.

Contemporary Issues in Banking

Myriam García-Olalla,Judith Clifton
Contemporary Issues in Banking Book PDF

Author : Myriam García-Olalla,Judith Clifton
Publisher : Springer
Page : 454 pages
File Size : 54,5 Mb
Release : 2018-07-23
Category : Business & Economics
ISBN : 9783319902944

Get Book

Contemporary Issues in Banking by Myriam García-Olalla,Judith Clifton Pdf

This book offers insights into the contemporary issues in banking with a special focus on the recent European regulatory reforms, governance and the performance of firms. Written by prestigious professors and expert academics in the field, the book also covers a diverse set of topics that have gained great importance in this sector such as firm financing, culture, risk and other challenges faced by banks. The book is of interest to scholars, students and professionals in banking.