The regulatory aftermath of the global financial crisis:
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Press
2012
|
| Series: | International corporate law and financial market regulation
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Hier auch später erschienene, unveränderte Nachdrucke |
| Physical Description: | XXXIX, 391 S. |
| ISBN: | 9781107024595 |
Staff View
MARC
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| 245 | 1 | 0 | |a The regulatory aftermath of the global financial crisis |c Eilís Ferran ... |
| 264 | 1 | |a Cambridge [u.a.] |b Cambridge Univ. Press |c 2012 | |
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Record in the Search Index
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|---|---|
| adam_text | CONTENTS
Foreword
xi
Notes
on contributors
xxvii
Acknowledgements
xxviii
Table of cases
xxix
Table of legislation
xxx
Crisis-driven regulatory reform: where in the world
is the
EU
going?
1
EILÍS
FERRAN
I Introduction
1
Never waste several good crises
... 1
Defining the scope of the chapter and explaining the approach
6
A note on the chronology of the global financial crisis
11
A note on the euro area sovereign debt crisis
12
II Intergovernmentalism
-
the crises and the Member States
17
Insights from theory
17
From theory to practice: Member States views on
EU
financial regulation in the years leading up to the global
financial crisis
23
Member States and post-crisis reforms: meeting in the middle?
29
Still battling
...
and even starting to move further apart?
36
Market infrastructure/short selling
37
Too-big-to-fair
39
Corporate governance
44
Financial services supervision
45
Evaluation
52
III Supranationalism
-
the crises and the Commission
54
Introduction
54
The Commission in the pre-crisis era
55
The impact of the global financial crisis: the first phase of
the response
57
CONTENTS
Phase
two of the response: the Commission s role in concretizing
the financial services reform agenda
63
Overall process management of the legislative program
63
Too-big-to-fail
65
Supervision
71
Evaluation
78
IV Supranationalism
-
the crises and the European Parliament
83
Introduction
83
Finding the Parliament s imprint on crises-related reforms
84
Playing a waiting game?
85
Financial transactions tax
86
Implications for the future
88
V External relations
89
Introduction
89
Exerting influence over international financial regulation as new
economic powers challenge the established order
-
new
opportunities for
EU
regulatory leadership?
92
Speaking with a single voice
96
Exporting key
EU
regulatory ideas: issues of suitability
99
The prospects for building global influence through a more
equal transatlantic relationship
100
VI Conclusion
107
The legacy effects of the financial crisis on regulatory
design in the
EU 111
NIAMH MOLONEY
I Examining regulatory change
111
Introduction 111
Charting innovation and change
112
The market regulation and consumer protection case
studies
117
II The legacy effects for market and consumer protection
regulation
127
Financial market intensity and innovation
127
The implications
137
Policy innovation and rule innovation
140
De-intensification and simplification in the
EU 145
III The legacy impact of the crisis on market regulation
152
A re-orientation of the reform program?
152
The
EU
market regulation agenda
154
CONTENTS
Reshaping
market
regulation
160
Reshaping trading venue regulation
160
Reshaping the regulation of trading practices
166
Reshaping financial market disclosure
170
The equity markets
174
IV The legacy effects of the crisis on consumer protection
regulation
182
Refocusing on the consumer markets
182
The rise of product intervention
186
Has distrust of innovation led to a productive consumer
market reform?
194
V Conclusion
201
3
Why did Australia fare so well in the global
financial crisis?
203
JENNIFER G. HILL
I Introduction
203
II The Australian economy and the impact of the global financial
crisis on Australia s financial markets
208
III Regulatory structure and the global financial crisis
215
A snapshot of Australia s corporate and financial services
regulatory structure
215
The Australian twin peaks model compared to US and
UK regulatory structures prior to the global financial
crisis
221
IV Regulatory cooperation in the era of financial market
integration and the US-Australian mutual recognition
arrangement
225
V Some Australian financial policy and regulatory responses
to the global financial crisis
232
The Australian government s economic stimulus program
233
Emergency-style reforms
-
the Deposit and Wholesale
Funding Guarantee Scheme and the RMBS Initiative
238
The deposit guarantee
240
The wholesale funding guarantee
244
The residential mortgage-backed securities (RMBS)
initiative
247
Covered bonds
251
ASIC s ban on short selling
256
Executive remuneration reforms
262
CONTENTS
Retail investor protection and the Future of Financial
Advice reforms
270
VI Why did Australia fare so well during the global financial crisis?
276
China and Australia s resources boom
277
The Reserve Bank s monetary policy and the economic
stimulus program
281
Australia s regulatory structure,
APRA
and the
НІН
Royal Commission
285
The Australian banking system
289
Australia s superannuation system
295
VII
Conclusion
299
The political economy of Dodd-Frank: Why financial
reform tends to be frustrated and systemic risk
perpetuated
301
JOHN C. COFFEE, JR.
I Introduction
301
II The Regulatory Sine Curve and statutory correction
312
III SOX revisited: the downsizing of reform
321
Section
404
and internal control reports
321
Executive loans and Section
402 325
Attorneys as whistle blowers and Section
307 328
An evaluation
331
IV The Dodd-Frank Act: premises and policy options
332
Three credible scenarios
332
Moral hazard: Executive compensation caused the
crash
332
Responses
334
Executive compensation and shareholder pressure
336
Systemic risk and the too big to fail problem
342
Higher equity capital requirements
344
A private, industry-funded insurance system
344
Reducing risk through prophylactic rules
345
The OTC derivatives market
349
V The implementation of the Dodd-Frank Act
351
Curbing executive compensation: the road not taken
352
Proxy access and corporate governance
352
Section
956 355
The TBTF problem
360
Resolution authority
361
The Volcker
Rule
361
Contingent capital
363
The legislative counterattack
364
VI Conclusion
367
Index
373
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| spelling | The regulatory aftermath of the global financial crisis Eilís Ferran ... Cambridge [u.a.] Cambridge Univ. Press 2012 XXXIX, 391 S. txt rdacontent n rdamedia nc rdacarrier International corporate law and financial market regulation Hier auch später erschienene, unveränderte Nachdrucke Recht Financial institutions Law and legislation United States Financial institutions Law and legislation European Union countries Financial institutions Law and legislation Australia Financial services industry Law and legislation United States Financial services industry Law and legislation European Union countries Financial services industry Law and legislation Australia Kapitalmarkt (DE-588)4029578-3 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Regulierung (DE-588)4201190-5 gnd rswk-swf Australien Europäische Union. Mitgliedsstaaten USA Finanzkrise (DE-588)7635855-0 s Kapitalmarkt (DE-588)4029578-3 s Regulierung (DE-588)4201190-5 s b DE-604 Ferran, Eilís 1962- Sonstige (DE-588)1028951426 oth Digitalisierung UB Augsburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025394288&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | The regulatory aftermath of the global financial crisis Recht Financial institutions Law and legislation United States Financial institutions Law and legislation European Union countries Financial institutions Law and legislation Australia Financial services industry Law and legislation United States Financial services industry Law and legislation European Union countries Financial services industry Law and legislation Australia Kapitalmarkt (DE-588)4029578-3 gnd Finanzkrise (DE-588)7635855-0 gnd Regulierung (DE-588)4201190-5 gnd |
| subject_GND | (DE-588)4029578-3 (DE-588)7635855-0 (DE-588)4201190-5 |
| title | The regulatory aftermath of the global financial crisis |
| title_auth | The regulatory aftermath of the global financial crisis |
| title_exact_search | The regulatory aftermath of the global financial crisis |
| title_full | The regulatory aftermath of the global financial crisis Eilís Ferran ... |
| title_fullStr | The regulatory aftermath of the global financial crisis Eilís Ferran ... |
| title_full_unstemmed | The regulatory aftermath of the global financial crisis Eilís Ferran ... |
| title_short | The regulatory aftermath of the global financial crisis |
| title_sort | the regulatory aftermath of the global financial crisis |
| topic | Recht Financial institutions Law and legislation United States Financial institutions Law and legislation European Union countries Financial institutions Law and legislation Australia Financial services industry Law and legislation United States Financial services industry Law and legislation European Union countries Financial services industry Law and legislation Australia Kapitalmarkt (DE-588)4029578-3 gnd Finanzkrise (DE-588)7635855-0 gnd Regulierung (DE-588)4201190-5 gnd |
| topic_facet | Recht Financial institutions Law and legislation United States Financial institutions Law and legislation European Union countries Financial institutions Law and legislation Australia Financial services industry Law and legislation United States Financial services industry Law and legislation European Union countries Financial services industry Law and legislation Australia Kapitalmarkt Finanzkrise Regulierung Australien Europäische Union. Mitgliedsstaaten USA |
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