Private Ratings, Public Regulations
Title | Private Ratings, Public Regulations PDF eBook |
Author | A. Kruck |
Publisher | Springer |
Pages | 221 |
Release | 2011-05-11 |
Genre | Political Science |
ISBN | 0230307388 |
Credit rating agencies play a powerful and contentious role in the governance of global financial markets. Introducing an original framework for delegating political authority to private actors, this book explains common trends in the regulatory use of private ratings for public purposes and analyzes regulatory changes after the Financial Crisis.
Private Law
Title | Private Law PDF eBook |
Author | Kit Barker |
Publisher | Cambridge University Press |
Pages | 387 |
Release | 2013-12-05 |
Genre | Law |
ISBN | 1107039118 |
An examination of contemporary encounters between public law and private law from both theoretical and practical perspectives.
The Foundations and Future of Financial Regulation
Title | The Foundations and Future of Financial Regulation PDF eBook |
Author | Mads Andenas |
Publisher | Routledge |
Pages | 556 |
Release | 2013-11-20 |
Genre | Law |
ISBN | 113504337X |
Financial regulation has entered into a new era, as many foundational economic theories and policies supporting the existing infrastructure have been and are being questioned following the financial crisis. Goodhart et al’s seminal monograph "Financial Regulation: Why, How and Where Now?" (Routledge:1998) took stock of the extent of financial innovation and the maturity of the financial services industry at that time, and mapped out a new regulatory roadmap. This book offers a timely exploration of the "Why, How and Where Now" of financial regulation in the aftermath of the crisis in order to map out the future trajectory of financial regulation in an age where financial stability is being emphasised as a key regulatory objective. The book is split into four sections: the objectives and regulatory landscape of financial regulation; the regulatory regime for investor protection; the regulatory regime for financial institutional safety and soundness; and macro-prudential regulation. The discussion ranges from theoretical and policy perspectives to comprehensive and critical consideration of financial regulation in the specifics. The focus of the book is on the substantive regulation of the UK and the EU, as critical examination is made of the unravelling and the future of financial regulation with comparative insights offered where relevant especially from the US. Running throughout the book is consideration of the relationship between financial regulation, financial stability and the responsibility of various actors in governance. This book offers an important contribution to continuing reflections on the role of financial regulation, market discipline and corporate responsibility in the financial sector, and upon the roles of regulatory authorities, markets and firms in ensuring the financial health and security of all in the future.
EU Supervision of Credit Rating Agencies
Title | EU Supervision of Credit Rating Agencies PDF eBook |
Author | |
Publisher | |
Pages | 76 |
Release | 2015 |
Genre | Credit bureaus |
ISBN |
"The 2008 financial crisis focused attention on the credit rating agencies and their impact on financial markets. At the time, there was very little regulation of the agencies in Europe. In 2011, the European Securities and Markets Authority (ESMA) was created to register, monitor and supervise them. This report examines whether ESMA has successfully established itself as the credit rating agencies watchdog for the EU. We conclude that while ESMA has laid down good foundations, its rules and guidelines are not yet complete and significant risks remain to be addressed in the future."--Publisher's description.
The Many Hands of the State
Title | The Many Hands of the State PDF eBook |
Author | Kimberly J. Morgan |
Publisher | Cambridge University Press |
Pages | 427 |
Release | 2017-02-27 |
Genre | Political Science |
ISBN | 110713529X |
This book offers a sampling of cutting-edge research on the state, pointing to future directions for research and providing innovative ways of theorizing states.
Modernizing the American Financial Regulatory System: Recommendations for Improving Oversight, Protecting Consumers, and Ensuring Stability, February 2009, *
Title | Modernizing the American Financial Regulatory System: Recommendations for Improving Oversight, Protecting Consumers, and Ensuring Stability, February 2009, * PDF eBook |
Author | United States. Congressional Oversight Panel |
Publisher | |
Pages | 124 |
Release | 2009 |
Genre | Financial crises |
ISBN |
Design for Liberty
Title | Design for Liberty PDF eBook |
Author | Richard A. Epstein |
Publisher | Harvard University Press |
Pages | 247 |
Release | 2011-11-15 |
Genre | Law |
ISBN | 0674063058 |
Following a vast expansion in the twentieth century, government is beginning to creak at the joints under its enormous weight. The signs are clear: a bloated civil service, low approval ratings for Congress and the President, increasing federal-state conflict, rampant distrust of politicians and government officials, record state deficits, and major unrest among public employees. In this compact, clearly written book, the noted legal scholar Richard Epstein advocates a much smaller federal government, arguing that our over-regulated state allows too much discretion on the part of regulators, which results in arbitrary, unfair decisions, rent-seeking, and other abuses. Epstein bases his classical liberalism on the twin pillars of the rule of law and of private contracts and property rights—an overarching structure that allows private property to keep its form regardless of changes in population, tastes, technology, and wealth. This structure also makes possible a restrained public administration to implement limited objectives. Government continues to play a key role as night-watchman, but with the added flexibility in revenues and expenditures to attend to national defense and infrastructure formation. Although no legal system can eliminate the need for discretion in the management of both private and public affairs, predictable laws can cabin the zone of discretion and permit arbitrary decisions to be challenged. Joining a set of strong property rights with sound but limited public administration could strengthen the rule of law, with its virtues of neutrality, generality, clarity, consistency, and forward-lookingness, and reverse the contempt and cynicism that have overcome us.