Does Britain Need a Financial Regulator? : Statutory Regulation, Private Regulation & Financial Markets

Booth, Philip/ Arthur, Terry

Institute of Economic Affairs（2010/08発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 168 p.
• 言語 ENG
• 商品コード 9780255365932
• DDC分類 346.41082

Full Description

It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial markets in Britain developed their own regulation, without government intervention. This monograph examines the economic case for a statutory regulator of investment transactions and finds it wanting. Private stock exchanges can provide regulation at less cost and less intrusively than the FSA.

Contents

Introduction; Apart from investment market regulation, what else should the FSA not be doing?; The evolution of stock exchange regulation in the UK; Stock exchanges around the world; The long tentacles of the FSA; The FSA, regulation and statutory law; Current developments and the role of the European Union; The economic case for government regulation examined; The case against government regulation.