Editors: Ross P Buckley, Emilios Avgouleas and Douglas Arner
Cambridge University Press
March 2016, 484 ppDescription: The current global financial system may not withstand the next global financial crisis. In order to promote the resilience and stability of our global financial system against future shocks and crises, a fundamental reconceptualisation of financial regulation is necessary. This reconceptualisation must begin with a deep understanding of how today's financial markets, regulatory initiatives and laws operate and interact at the global level. This book undertakes a comprehensive analysis of such diverse areas as regulation of financial stability, modes of supply of financial services, market infrastructure, fractional reserve banking, modes of production of global regulatory standards and of the pressing need to reform financial sector ethics and culture. Based on this analysis, Reconceptualising Global Finance and its Regulation proposes realistic reform initiatives, which will be of primary interest to regulatory and banking legal practitioners, policy makers, scholars, research students and think tanks.
- Proposes new conceptual approaches to global financial regulation
- Brings together leading thinkers in law and finance from Europe, North America and Asia
- Reviews the post-2008 regulatory initiatives and offers novel solutions to issues from financial stability to ethics and culture