ISBN : 9780199687213
The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state of the art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades.
The first three parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the perennial objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability, market efficiency, integrity, and transparency; and consumer protection.
The Oxford Handbook of Financial Regulation is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.
Introduction; Part I. Financial Systems and Regulation; 1 Simon Deakin: The Evolution of Theory and Method in Law and Finance; 2 Colin Mayer: Economic Development, Financial Systems, and the Law; 3 Frank Partnoy: Financial Systems, Crises, and Regulation; Part II. The Organization of Financial System Regulation; 4 Eilis Ferran: Institutional Design: The Choices for National Systems; 5 Christopher Brummer and Matt Smallcomb: Institutional Design: The International Architecture; 6 Brigitte Haar: Organizing Regional Systems: The EU Example; 7 Eric Pan: Organizing Regional Systems: The US Example; Part III. Delivering Outcomes and Regulatory Techniques; 8 Julia Black: Regulatory Styles and Supervisory Strategies; 9 Jennifer Payne: The Role of Gatekeepers; 10 Iain MacNeil: Enforcement and Sanctioning; Part IV. Financial Stability; 11 Rosa Lastra: Systemic Risk and Macroprudential Supervision; 12 Kern Alexander: The Role of Capital in Supporting Financial Stability; 13 Peter O. Mulbert: Managing Risk in the Financial System; 14 Michelle Everson: Regulating the Insurance Sector; 15 John Armour: Crisis Management and Resolution; 16 Douglas Arner: Cross-Border Supervision of Financial Institutions; Part V. Market Efficiency, Transparency, and Integrity; 17 Luca Enriques and Sergio Gilotta: Disclosure and Financial Market Regulation; 18 Andrew Tuch: Conduct of Business Regulation; 19 Guido Ferrarini and Paolo Saguato: Regulating Financial Infrastructure; 20 Andreas Fleckner: Regulating Trading Practices; 21 Harry McVea: Supporting Market Integrity; 22 Emilios Avgouleas: Regulating Financial Innovation; VI. Consumer Protection; 23 Dimity Kingsford Smith and Olivia Dixon: The Consumer Interest and the Financial Markets; 24 Niamh Moloney: Regulating the Retail Markets