Good Regulation, Bad Regulation: The Anatomy of Financial Regulation

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Springer, 12 янв. 2016 г. - Всего страниц: 247
Since the 2007 2008 global financial crisis, there has been much debate about the role of financial regulation and the causes of financial instability in the industry. Where studies commonly question the value of a regulated rather than free market , this book focuses on the differentiation of 'good regulation' and 'bad regulation'. This book highlights the need for financial regulation to combat corruption, and the integral link that exists between corruption and financial instability. The author evaluates the benefits and shortcomings of specific types of regulation, drawing on recent examples to illustrate each argument. The book presents compelling arguments for the regulation of leverage, liquidity, payday loans and securitisation; and debates the negative aspects of the regulation of short selling, and high-frequency trading, and of Basel-style banking regulation. The author argues that there is no free-market solution to financial instability, and rejects the idea of 'too big to fail'.

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1 Definition and Theories of Regulation
1
2 Arguments for and against Regulation
16
3 Regulation Deregulation and Financial Crises
31
Payday Loans Securitisation and Insider Trading
56
Leverage and Liquidity
78
Basel 1 and Basel 2
98
Basel 25 and Basel 3
121
Short Selling
141
HighFrequency Trading
168
Too Big to Fail BailOut and BailIn
192
11 Concluding Remarks
212
References
220
Index
240
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Imad Moosa is Professor of Finance at RMIT, Australia. He held previous appointments at Monash and La Trobe Universities, Australia, and the University of Sheffield, UK. Prior to working in academia he held professional positions at the International Monetary Fund and in investment banking. He has published 16 books and over 200 papers.

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