Law Financial Stability

Author : Douglas W. Arner
Publisher : Cambridge University Press
ISBN 13 : 113946454X
Total Pages : 331 pages
Book Rating : 4.43/5 ( download)

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Download or read book Financial Stability, Economic Growth, and the Role of Law written by Douglas W. Arner and published by Cambridge University Press. This book was released on 2007-06-04 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513523007
Total Pages : 312 pages
Book Rating : 4.02/5 ( download)

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Download or read book Law & Financial Stability written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2020-01-21 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume comprises a selection of papers prepared in connection with a high-level seminar on Law and Financial Stability held at the IMF in 2016. It examines, from a legal perspective, the progress made in implementing the financial regulatory reforms adopted since the global financial crisis and highlights the role of the IMF in advancing these reforms and charting the course for a future reform agenda, including the development of a coherent international policy framework for resolution and resolution planning. The book’s unique perspective on the role of the law in promoting financial stability comes from the contribution of selected experts and representatives from our membership who share their views on this subject.

Author : Alison Lui
Publisher : Taylor & Francis
ISBN 13 : 1317480236
Total Pages : 214 pages
Book Rating : 4.35/5 ( download)

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Download or read book Financial Stability and Prudential Regulation written by Alison Lui and published by Taylor & Francis. This book was released on 2016-10-04 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial stability is one of the key tenets of a central bank’s functions. Since the financial crisis of 2007-2009, an area of hot debate is the extent to which the central bank should be involved with prudential regulation. This book examines the macro and micro-prudential regulatory frameworks and systems of the United Kingdom, Australia, the United States, Canada and Germany. Drawing on the regulator frameworks of these regions, this book examines the central banks’ roles of crisis management, resolution and prudential regulation. Alison Lui compares the institutional structure of the new ‘twin-peaks’ model in the UK to the Australian model, and the multi-regulatory US model and the single regulatory Canadian model. The book also discusses the extent the central bank in these countries, as well as the ECB, are involved with financial stability, and argues that the institutional architecture and geographical closeness of the Bank of England and Financial Policy Committee give rise to the fear that the UK central bank may become another single super-regulator, which may provide the Bank of England with too much power. As a multi-regional, comparative study on the importance and effectiveness of prudential regulation, this book will be of great use and interest to students and researchers in finance and bank law, economics and banking.

Author : Milton R. Schroeder
Publisher :
ISBN 13 : 9780791321836
Total Pages : pages
Book Rating : 4.35/5 ( download)

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Download or read book The Law and Regulation of Financial Institutions written by Milton R. Schroeder and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Gianni Lo Schiavo
Publisher : Kluwer Law International
ISBN 13 : 9789041182302
Total Pages : 292 pages
Book Rating : 4.06/5 ( download)

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Download or read book The Role of Financial Stability in EU Law and Policy written by Gianni Lo Schiavo and published by Kluwer Law International. This book was released on 2017 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: ForewordList of AbbreviationsAcknowledgementsCHAPTER 1 General IntroductionCHAPTER 2 Financial Stability in ContextCHAPTER 3 Financial Stability as a New Supranational Foundational Objective in EU Law and PolicyCHAPTER 4 European Economic GovernanceCHAPTER 5 Stability Mechanisms in EuropeCHAPTER 6 EU Banking RegulationCHAPTER 7 EU Banking Supervisory LawCHAPTER 8 EU Banking Recovery and ResolutionCHAPTER 9 General ConclusionsSelected BibliographyTable of CasesIndex.

Author : Morgan Ricks
Publisher : University of Chicago Press
ISBN 13 : 022633046X
Total Pages : 360 pages
Book Rating : 4.64/5 ( download)

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Download or read book The Money Problem written by Morgan Ricks and published by University of Chicago Press. This book was released on 2016-03-09 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: An “intriguing plan” addressing shadow banking, regulation, and the continuing quest for financial stability (Financial Times). Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a “public” or “private” activity—or both? What do we mean by, and want from, financial stability? What role should regulation play? How would we design our monetary institutions if we could start from scratch? In The Money Problem, Morgan Ricks addresses these questions and more, offering a practical yet elegant blueprint for a modernized system of money and banking—one that, crucially, can be accomplished through incremental changes to the United States’ current system. He brings a critical, missing dimension to the ongoing debates over financial stability policy, arguing that the issue is primarily one of monetary system design. The Money Problem offers a way to mitigate the risk of catastrophic panic in the future, and it will expand the financial reform conversation in the United States and abroad. “Highly recommended.” —Choice

Author : Andreas Kokkinis
Publisher : Routledge
ISBN 13 : 1351972774
Total Pages : 224 pages
Book Rating : 4.72/5 ( download)

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Download or read book Corporate Law and Financial Instability written by Andreas Kokkinis and published by Routledge. This book was released on 2017-11-20 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Virtually all large banks and other financial institutions in the UK and internationally are public limited liability companies whose shares are listed on one or several stock exchanges. As such, their corporate governance and, in particular, the incentives faced by their directors and senior managers are to a significant extent determined by corporate and securities law rules such as directors’ duties, directors’ liability in insolvency, takeover regulation, disclosure obligations, shareholder rights and rules on executive remuneration. At the same time, systemically important financial institutions in the UK are licensed, regulated and supervised by the Prudential Regulation Authority (PRA). This book explores the relationship between, on the one hand, the broader corporate law, corporate governance and securities law framework and, on the other, the prudential regulatory framework. Although the book’s main focus is on UK law, much of the policy argumentation is relevant globally and therefore appropriate international comparisons are drawn, and analysis of EU law and regulation is included. The book argues that the corporate law regime, which focuses on shareholder empowerment and profit maximisation, operates as an antithesis to prudential regulatory objectives thus undermining the safety and soundness of banks and other financial institutions by encouraging risky behaviour that may be in the best interests of their shareholders, but is clearly not in the public interest.

Author : Peter Scott
Publisher :
ISBN 13 : 9781784460235
Total Pages : 128 pages
Book Rating : 4.30/5 ( download)

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Download or read book Financial Stability Toolkit written by Peter Scott and published by . This book was released on 2015-05 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SRA's latest report on financial stability (February 2014) said its engagement with firms found poor financial management that ranged from 'naïve to reckless'. They have also seen poor practice in the management of client accounts. This toolkit will help firms to address those common financial issues facing many firms.

Author : Jennie Robinson
Publisher : GRIN Verlag
ISBN 13 : 3668746958
Total Pages : 7 pages
Book Rating : 4.54/5 ( download)

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Download or read book The Role and Character of Law in Financial Markets written by Jennie Robinson and published by GRIN Verlag. This book was released on 2018-07-10 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Submitted Assignment from the year 2015 in the subject Economics - Finance, grade: 65.00, School of Oriental and African Studies, University of London (CEFIMS), course: Financial Law, language: English, abstract: Before the 2008-2009 global financial crisis, law was a necessary tool for financial markets. English financial law represents “the entire body of legal rules that govern and regulate financial markets, financial assets and financial transactions under the law of England and Wales”. It is classified as “a sub-species of English commercial law, which is heavily influenced by English common law”. According to Ellinger et al., « in order to safeguard the stability of the banking system, a degree of regulation and supervision needs to be imposed on banks themselves ». In this context, the United Kingdom passed the Financial Services and Markets Act 2000, which authorized the Financial Services Authorities to become « a super-regulator , having responsibility for the regulation and supervision of the whole financial services sector ». However, this regulatory system was not suited for adressing the difficulties the banks were going into during the global financial crisis of 2008-2009. After the crisis, law and regulation's role shifted to provide more protection for financial stability and for the prevention of any misconducts. The Banking Act 2009 was going to fill the gap in « dealing with pre-insolvency 'stabilization' and with banking insolvency and administration ». And a year later, the Financial Services Act 2010 was given the role of « strengthening the powers of the FSA and giving it a 'financial stability' objective. In this paper, we are going to critically discuss the different views on the role of law and finance before and after the financial crises areas.

Author : Gianni Lo Schiavo
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041186123
Total Pages : 328 pages
Book Rating : 4.26/5 ( download)

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Download or read book The Role of Financial Stability in EU Law and Policy written by Gianni Lo Schiavo and published by Kluwer Law International B.V.. This book was released on 2016-04-24 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the outbreak of the 2008 financial crisis, European Union (EU) institutions and Member States have engaged in a major effort to repair the architecture of economic governance of the European Economic and Monetary Union (EMU). This book takes as its starting point the unclear notion of financial stability, which only recently has received a more detailed legal analysis. It examines the evolution of the concept of financial stability during the financial crisis and provides a conceptual framework in order to demonstrate that financial stability has become a foundational objective in Europe and has set a new normative framework in EU law and policy. Arguing that financial stability is a foundational objective in EU law and policy based on certain normative instruments, this ground-breaking book provides an in-depth and original understanding of the newly developed framework to attain supranational financial stability. In its analysis of the legal implications of these new instruments, the study examines topics and issues such as the following: - the concept and normative instruments of financial stability at European level; - the renewed economic governance in Europe; - the financial assistance mechanisms developed in Europe; - the new regulatory environment for banks at European level; - the Single Supervisory Mechanism and the role of the European Central Bank (ECB) therein; and - the new framework for banking resolution, with specific focus on the Single Resolution Mechanism. The author shows in detail how an appropriate level of supranational regulation, supervision, burden-sharing and rescue measures strengthen financial stability. Thereby, the book will appeal to officials in EU institutions and agencies as well as lawyers and academics in EU law and in banking/financial law to gain a clear understanding of role of financial stability and its normative instruments in EU law and policy. Gianni Lo Schiavo is currently working as a lawyer at the ECB. He obtained a PhD in EU Law at King's College, London, and has written numerous articles and chapters in EU administrative law, EU financial/banking law and EU competition law.