The internationalisation of capital markets and the regulatory response:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
London u.a.
Graham & Trotman
1992
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 213 S. graph. Darst. |
| ISBN: | 1853337676 |
Internformat
MARC
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| 245 | 1 | 0 | |a The internationalisation of capital markets and the regulatory response |c ed. by John Fingleton ... |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a London u.a. |b Graham & Trotman |c 1992 | |
| 300 | |a 213 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Banques - Droit | |
| 650 | 4 | |a Banques internationales | |
| 650 | 4 | |a Finances internationales | |
| 650 | 7 | |a Financiële instellingen |2 gtt | |
| 650 | 7 | |a Internationalisatie |2 gtt | |
| 650 | 7 | |a Kapitaalmarkt |2 gtt | |
| 650 | 4 | |a Marché financier | |
| 650 | 7 | |a Regelgeving |2 gtt | |
| 650 | 4 | |a Globalisierung | |
| 650 | 4 | |a Banking law | |
| 650 | 4 | |a Banks and banking, International | |
| 650 | 4 | |a Capital market | |
| 650 | 4 | |a International finance | |
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| 650 | 0 | 7 | |a Internationales Bankrecht |0 (DE-588)4162085-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Internationaler Kapitalmarkt |0 (DE-588)4027402-0 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
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| 700 | 1 | |a Fingleton, John |e Sonstige |4 oth | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-005431932 | ||
Datensatz im Suchindex
| _version_ | 1804122616196235264 |
|---|---|
| adam_text | Contents
The Financial Markets Group v
Foreword vii
Authors x
List of Tables xv
List of Figures xv
List of Abbreviations xvii
Acknowledgements xviii
Parti Introduction 19
Chapter One
Major Issues Relevant for Regulatory Response to the
Internationalisation of Capital Markets
Sir David Walker 21
Chapter Two
Reconciling National and International Concerns in the
Regulation of Global Capital Markets .
Richard C.Breeden 27
Part II International Banking Regulation 33
Chapter Three
International Trade in Banking Services: A Conceptual Framework
Sydney J. Key and Hal S. Scott 35
3.1 Introduction 35
3.2 Complementary and Conflicting Policy Goals 39
3.3 Principles Applicable to Different Forms of Trade in
Banking Services 46
3.4 Overview of the Matrix 59
3.5 The Appropriate Forum 62
3.6 Conclusion 66
xii CONTENTS
Chapter Four
Banking Competition, Regulation and the Philosophy of Financial
Development: A Search for First Principles.
Joseph Bisignano 69
4.1 Introduction 69
4.2 Finance Structure, Contracts and Transactions 70
4.3 Central Banks and the Liquidity of Financial Markets 78
4.4 Financial Organisation: Structural vs Prudential Regulation 82
4.5 The Nature of the Bank : Financial Deregulation and the
Restructuring of Corporate Capital 91
4.6 Reputational Capital , Real Capital and the Shrinking of the
Safety Net 99
Discussion
Charles A.E.Goodhart 103
Part III Regulating Financial Institutions in a Global Context 107
Chapter Five
Regulating Banks Securities Activities: A Global Assessment
Richard Dale 109
5.1 Introduction 109
5.2 Policy Choices 110
5.3 National Practice 119
5.4 Conclusion 128
Chapter Six
International Corporate Finance and the Challenge
of Creative Compliance
Doreen McBarnet and Christopher Whelan 129
6.1 Regulation and the Internationalisation of Capital Markets 129
6.2 Controlling Competitive Advantage: The Case of the Single
European Market 131
6.3 Creative Compliance 135
6.4 The Challenge of Creative Compliance in a Competitive
Market 139
Discussion
Anthony G. Hopwood 143
CONTENTS xiii
Part IV The Effects of Regulation 147
Chapter Seven
Financial Regulation: The Contribution of the Theory of Finance
Stephen M. Schaefer 149
7.1 Introduction 149
7.2 The Why of Capital Regulation 151
7.3 The How of Capital Regulation 158
7.4 Conclusions 166
Chapter Eight
Comparing the Performance of Stock Exchange Trading Systems
AilsaRoell 167
8.1 Introduction 167
8.2 The Markets in cross listed French Equities 168
8.3 Discussion of Trading Structure and Policy Issues 172
8.4 Concluding Comments 177
Discussion
Joel Hasbrouck 179
Part V The Limits of International Regulatory Coordination 181
Chapter Nine
The Market for Markets: Competition between
Investment Exchanges
Caroline Bradley 18 3
9.1 Introduction: Internationalisation — Focus on Exchanges 183
9.2 Competition Between Exchanges — Barriers to Entry 184
9.3 Competition Between Exchanges — Regulation 189
9.4 Competition Between Exchanges — Technology 192
9.5 Benefits From the Competition 193
9.6 Unilateral/Multilateral Harmonisation/Recognition
and Competition 195
9.7 Conclusion 195
xiv CONTENTS
Chapter Ten
International Regulatory Coordination of Banking
George J. Benston 197
10.1 Banking Has Become Increasingly International 197
10.2 Reasons For Domestic and International Regulation of
Banking 198
10.3 Monetary (Macroeconomic) Policy 199
10.4 Prevention of Financial Collapse — System Risk 201
10.5 Payments System Protection 202
10.6 Safety and Soundness of Individual Banks 203
10.7 Promotion of Competitive Markets or Constraints on
Competition for the Benefit of Some Suppliers 206
10.8 Enhancement of Consumer Welfare 207
10.9 Increase in Government s or Government Officials
Revenues 208
10.10 Conclusions 208
Discussion
Alfred Steinherr 211
List of Tables
Chapter Seven
Table 1 Estimated Standard Deviations of Portfolios that have the
same Bank of England Score 164
Table 2 Correlation Between Alternative Bond Risk Measures 165
Chapter Eight
Table 1 Average Percentage Deviation of Transaction Price from
Market Mid Price on SEAQ International 171
Table 2 Market Makers in French Sector of SEAQ International 176
List of Figures
Chapter Three
Figure 1 Banking Matrix 38
Chapter Five
Figure 1 Formal Separation 110
Figure 2 Universal Banking 111
Figure 3 Risk Segregation with Firewalls 113
Figure 4 Risk Segregation through Narrow Banks 116
Figure 5 Credit Suisse Holding Company Structure 119
Figure 6 Proposed Financial Structure 124
Chapter Seven
Figure 1 Expected Systemic Costs for Bank and Securities
Firm 153
Figure 2 Expected Systemic Cost, Production Cost and Total Cost 154
Figure 3 Expected Total Costs for Bank and Securities Firm 155
Figure 4 An Optimal Non Level Playing Field 157
Figure 5 Equity Position Risk Requirement Under Current and
8+2/8+4 Rules 163
Figure 6 GEMM Risk Score versus Estimated Portfolio Risk 165
xvi LIST OF FIGURES
Chapter Eight
Figure 1 Paris Limit Orders for BSN 168
Figure 2 Axa Midi: Best Few Limit Orders in Paris 169
Figure 3 SEAQ quotes for BSN 170
Figure 4 SEAQ Market Makers per Security 173
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| illustrated | Illustrated |
| indexdate | 2024-07-09T17:16:42Z |
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| isbn | 1853337676 |
| language | English |
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| spelling | The internationalisation of capital markets and the regulatory response ed. by John Fingleton ... 1. publ. London u.a. Graham & Trotman 1992 213 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Banques - Droit Banques internationales Finances internationales Financiële instellingen gtt Internationalisatie gtt Kapitaalmarkt gtt Marché financier Regelgeving gtt Globalisierung Banking law Banks and banking, International Capital market International finance Regulierung (DE-588)4201190-5 gnd rswk-swf Internationales Bankrecht (DE-588)4162085-9 gnd rswk-swf Internationaler Kapitalmarkt (DE-588)4027402-0 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)1071861417 Konferenzschrift gnd-content Internationales Bankrecht (DE-588)4162085-9 s DE-604 Regulierung (DE-588)4201190-5 s Internationaler Kapitalmarkt (DE-588)4027402-0 s Fingleton, John Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005431932&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | The internationalisation of capital markets and the regulatory response Banques - Droit Banques internationales Finances internationales Financiële instellingen gtt Internationalisatie gtt Kapitaalmarkt gtt Marché financier Regelgeving gtt Globalisierung Banking law Banks and banking, International Capital market International finance Regulierung (DE-588)4201190-5 gnd Internationales Bankrecht (DE-588)4162085-9 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd |
| subject_GND | (DE-588)4201190-5 (DE-588)4162085-9 (DE-588)4027402-0 (DE-588)4143413-4 (DE-588)1071861417 |
| title | The internationalisation of capital markets and the regulatory response |
| title_auth | The internationalisation of capital markets and the regulatory response |
| title_exact_search | The internationalisation of capital markets and the regulatory response |
| title_full | The internationalisation of capital markets and the regulatory response ed. by John Fingleton ... |
| title_fullStr | The internationalisation of capital markets and the regulatory response ed. by John Fingleton ... |
| title_full_unstemmed | The internationalisation of capital markets and the regulatory response ed. by John Fingleton ... |
| title_short | The internationalisation of capital markets and the regulatory response |
| title_sort | the internationalisation of capital markets and the regulatory response |
| topic | Banques - Droit Banques internationales Finances internationales Financiële instellingen gtt Internationalisatie gtt Kapitaalmarkt gtt Marché financier Regelgeving gtt Globalisierung Banking law Banks and banking, International Capital market International finance Regulierung (DE-588)4201190-5 gnd Internationales Bankrecht (DE-588)4162085-9 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd |
| topic_facet | Banques - Droit Banques internationales Finances internationales Financiële instellingen Internationalisatie Kapitaalmarkt Marché financier Regelgeving Globalisierung Banking law Banks and banking, International Capital market International finance Regulierung Internationales Bankrecht Internationaler Kapitalmarkt Aufsatzsammlung Konferenzschrift |
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