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Author: Cynthia A. Glassman
Publisher: University Press of America
ISBN:
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
The new financial services industryóincluding banks, thrifts, securities dealers, and insurance and real estate investment companiesóis big, diverse, complex, and international in scale. The U.S. regulatory agencies that oversee various parts of this system domestically have been trying for some time to come to terms with the effects of more than a decade of rapid change in the world financial sector. Borrowers and lenders, including individuals, corporations and institutions such as pension funds, have been reacting by making adjustments to their behavior as fast, or as prudently, as possible. In this volume, four leading analysts of this rapidly evolving industry offer proposals ranging from the creation of a new kind of consumer service bank to formation of a new kind of national regulatory agency intended to promote competition within what historically has not been a very competitive structure. Chapters include U.S. Financial Institutions in a World Market by Cynthia A. Glassman; Integrating Banking with Other Financial Services by James L. Pierce; After Glass-Steagall: Financial Institution Reregulation by Roberta S. Karmel; and Financial Restructuring and Its Implications for Consumers by John H. LaFalce. Also contains a glossary of relevant terms.
Author: Cynthia A. Glassman
Publisher: University Press of America
ISBN:
Category : Business & Economics
Languages : en
Pages : 104
Get Book Here
Book Description
The new financial services industryóincluding banks, thrifts, securities dealers, and insurance and real estate investment companiesóis big, diverse, complex, and international in scale. The U.S. regulatory agencies that oversee various parts of this system domestically have been trying for some time to come to terms with the effects of more than a decade of rapid change in the world financial sector. Borrowers and lenders, including individuals, corporations and institutions such as pension funds, have been reacting by making adjustments to their behavior as fast, or as prudently, as possible. In this volume, four leading analysts of this rapidly evolving industry offer proposals ranging from the creation of a new kind of consumer service bank to formation of a new kind of national regulatory agency intended to promote competition within what historically has not been a very competitive structure. Chapters include U.S. Financial Institutions in a World Market by Cynthia A. Glassman; Integrating Banking with Other Financial Services by James L. Pierce; After Glass-Steagall: Financial Institution Reregulation by Roberta S. Karmel; and Financial Restructuring and Its Implications for Consumers by John H. LaFalce. Also contains a glossary of relevant terms.
Author: D. Chorafas
Publisher: Springer
ISBN: 0333977432
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
Written by a leading financial analyst, this new book provides a detailed overview of the new regulatory environment facing the financial industry. Whilst the 1980s and early 1990s focused on deregulation within the financial sector, today a key point of interest has become re-regulation - and in a global setting.
Author: Franklin R. Edwards
Publisher: American Enterprise Institute
ISBN: 9780844739892
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growth of mutual funds and derivatives markets and the decline of banks and explores implications of those developments for financial stability and regulatory policy. One of the book's central conclusions is that the current system of bank regulation is out of step with today's financial realities and needs to be substantially changed. Franklin Edwards asserts that the best way to increase the freedom of financial institutions to compete while making the financial system less vulnerable to excessive risk-taking by individual financial institutions is to adopt a system of collateralized banking. He shows how adopting such a system will result in a more stable financial system, both by reducing our reliance on government to maintain financial soundness and by enhancing the effectiveness of private markets in controlling institutional risk taking.
Author: Eilís Ferran
Publisher: Hart Publishing
ISBN: 1841132799
Category : Law
Languages : en
Pages : 357
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Book Description
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.
Author: George J. Benston
Publisher: American Enterprise Institute
ISBN: 9780844741246
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Financial services regulation tends to be costly and unsympathetic to consumers. This book examines why that is the case and proposes and regulatory regime that would be more efficient and more responsive to consumer interests.
Author: John A. Consiglio
Publisher: Emerald Group Publishing
ISBN: 1839820683
Category : Business & Economics
Languages : en
Pages : 115
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Book Description
The debates around financial services regulation are fierce and unending, and with every new development or law, rigid positions seem to grow. In this insightful new book, expert author John A. Consiglio discusses developments in this vital part of the wide world of finance.
Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 48
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Book Description
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.
Author: Annie Mills
Publisher: John Wiley & Sons
ISBN: 1118906136
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
A fully updated edition of the definitive guide to financial regulation In recent years, not only has the compliance field become firmly established, but it has seen staggering growth, thanks to never-ending changes in the regulatory environment. As regulation increases still further, the demand for clear guidance on navigating daily compliance issues is greater than ever. Now in its second edition, the highly successful Essential Strategies for Financial Services Compliance has been updated with the latest compliance strategies and regulatory information, making it indispensable for compliance officers, legal firms, and anyone else working with the financial services compliance function. Non-compliance represents a significant material risk for any financial services firm that fails to understand and appropriately apply regulatory standards. This Second Edition of Essential Strategies for Financial Services Compliance makes it easy to digest complex information on the regulatory framework. But this book is far from solely theoretical. A balanced approach means that both the concepts and their application are within reach. Annie Mills and Peter Haines deliver solid advice that can be applied on a day-to-day basis to manage any compliance issues that may arise. Read this book to: Understand the conceptual basis of compliance and the current regulatory environment applicable to the financial services industry Quickly and thoroughly learn the accepted best practices for everyday compliance Get up to date information on the current financial regulatory environment with this new edition Reference detailed advice as issues arise in day-to-day operations This update to the popular first edition of Essential Strategies for Financial Services Compliance will help eliminate non-compliance risk and ensure that your firm is entirely current on its ability to navigate the maze of financial services regulation.
Author: Roger B. Porter
Publisher: MIT Press
ISBN: 0262295040
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
Prominent policy makers, practitioners, and scholars discuss regulatory reform in the aftermath of the financial crisis of 2008. The financial crisis of 2008 raised crucial questions regarding the effectiveness of the way the United States regulates financial markets. What caused the crisis? What regulatory changes are most needed and desirable? What regulatory structure will best implement the desired changes? This volume addresses those questions with contributions from an ideologically diverse group of scholars, policy makers, and practitioners, including Paul Volcker, John Taylor, Richard Posner, and R. Glenn Hubbard. New Directions in Financial Services Regulation grows out of a conference hosted by the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government in October 2009, and the book reflects the dynamic give-and-take of the event. Each part of the book includes not only major papers and presentations but also a summary of the subsequent discussion. The book achieves a balance of academic and practitioner perspectives, with leaders of financial firms and regulatory bodies offering insights based on their experiences in the financial crisis of the year before.
Author: Mads Andenas
Publisher: Routledge
ISBN: 113504337X
Category : Law
Languages : en
Pages : 556
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Book Description
Financial regulation has entered into a new era, as many foundational economic theories and policies supporting the existing infrastructure have been and are being questioned following the financial crisis. Goodhart et al’s seminal monograph "Financial Regulation: Why, How and Where Now?" (Routledge:1998) took stock of the extent of financial innovation and the maturity of the financial services industry at that time, and mapped out a new regulatory roadmap. This book offers a timely exploration of the "Why, How and Where Now" of financial regulation in the aftermath of the crisis in order to map out the future trajectory of financial regulation in an age where financial stability is being emphasised as a key regulatory objective. The book is split into four sections: the objectives and regulatory landscape of financial regulation; the regulatory regime for investor protection; the regulatory regime for financial institutional safety and soundness; and macro-prudential regulation. The discussion ranges from theoretical and policy perspectives to comprehensive and critical consideration of financial regulation in the specifics. The focus of the book is on the substantive regulation of the UK and the EU, as critical examination is made of the unravelling and the future of financial regulation with comparative insights offered where relevant especially from the US. Running throughout the book is consideration of the relationship between financial regulation, financial stability and the responsibility of various actors in governance. This book offers an important contribution to continuing reflections on the role of financial regulation, market discipline and corporate responsibility in the financial sector, and upon the roles of regulatory authorities, markets and firms in ensuring the financial health and security of all in the future.
