Financial Regulation and Supervision

A post-crisis analysis

Eddy Wymeersch, Klaus J. Hopt, Guido Ferrarini (Herausgeber)

Buch | Hardcover

528 Seiten

2012
Oxford University Press (Verlag)
978-0-19-966090-2 (ISBN)

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This book provides a welcome insight into the changes to the financial regulatory system in the EU, including consideration of their likely impact on financial institutions and the implementation of the new rules in a cross-border context.

This comprehensive account of financial regulation and supervision in times of crisis analyses the complex changes under way regarding the new financial regulatory structures in the EU. Focusing on the organisation of financial supervision, it deals with the background to the reforms, the architecture of the regulatory system, the likely implications for the financial institutions and the challenge of international co-operation.

Changes in the US have been heavily criticised and in Europe a brand new regulatory system with three new regulatory agencies and a systemic risk board has been developed. National systems are in the process of being updated. International cooperation, although still difficult, has made progress, with the Financial Stability Board now acting on behalf of the G.20. Central bank cooperation has improved significantly and in the meantime, sectoral regulations are being adapted in full speed, such as Basel III, AIDMD, MiFID and many others. This book gives an overall view of these complex changes.

The first section of the book provides an assessment of the reforms and considers the background to their making. In the section on regulatory structure there is analysis of the new regulatory bodies, their complex competences and actions. The book also takes a critical look at their likely effectiveness. The final section of the work considers the actual implementation of the new rules in a cross-border context.

Eddy Wymeersch is professor at the University of Gent. He was Chairman of the Committee of European Securities regulators (CESR) (February 2007- July 2010) and of the European Regional Committee of IOSCO, in that capacity also taking part in the Executive and the Technical committee (2006-2010). He was Chairman of the Belgian Commission Bancaire, Financière et des Assurances (CBFA) (chief executive 2001-2007 and chairman of the supervisory board (2007-2010). He is now chairman of the Public Interest Oversight Board in Madrid. ; Professor Guido Ferrarini is Professor of Business Law and Capital Markets Law, University of Genoa and Director of Genoa Centre for Law and Finance.; Klaus J. Hopt is Professor of Law and Director (em.) at the Max Planck Institute for Comparative and International Private Law, Hamburg, Germany

PART I - FINANCIAL REFORM AS A RESPONSE TO THE 2008 CRISIS; PART II - THE NEW EUROPEAN SUPERVISORY ARCHITECTURE; PART III - REGULATION IN SEARCH FOR A PURPOSE; PART IV - THE INTERNATIONAL DIMENSION: NEW CHALLENGES

Erscheint lt. Verlag	16.8.2012
Verlagsort	Oxford
Sprache	englisch
Maße	190 x 249 mm
Gewicht	1054 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
ISBN-10	0-19-966090-5 / 0199660905
ISBN-13	978-0-19-966090-2 / 9780199660902
Zustand	Neuware