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The Regulatory Aftermath of the Global Financial Crisis Eilis Ferran (University of Cambridge)

The Regulatory Aftermath of the Global Financial Crisis By Eilis Ferran (University of Cambridge)

The Regulatory Aftermath of the Global Financial Crisis by Eilis Ferran (University of Cambridge)


Summary

This scholarly and balanced examination of financial regulatory reforms in the US, EU and Australia is essential reading for anyone seeking a clear and coherent overview of new-era financial regulation, why it has taken the shape that it has and what it means for the future.

The Regulatory Aftermath of the Global Financial Crisis Summary

The Regulatory Aftermath of the Global Financial Crisis by Eilis Ferran (University of Cambridge)

The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new oversight bodies. With the US Dodd-Frank Act and numerous EU regulations and directives now in place, this book provides a timely and thoughtful explanation of the key elements of the new regimes in both regions, of the political processes which shaped their content and of their practical impact. Insights from areas such as economics, political science and financial history elucidate the significance of the reforms. Australia's resilience during the financial crisis, which contrasted sharply with the severe problems that were experienced in the EU and the US, is also examined. The comparison between the performances of these major economies in a period of such extreme stress tells us much about the complex regulatory and economic ecosystems of which financial markets are a part.

The Regulatory Aftermath of the Global Financial Crisis Reviews

'With some exceptionally insightful analysis from four leading academics this book illuminates the rationales and objectives of post-crisis regulatory reform in three key jurisdictions: EU, US, and Australia. Essential guide for all those who wish to understand better the principal drivers of reform in global financial markets and its likely impact.' Emilios Avgouleas, Chair in International Banking Law and Finance, University of Edinburgh
'Few other projects bring together such far-flung, leading thinkers on financial regulation and its cross-border ramifications. Rigorous, thoughtful, and enlightening - the book lays bare the unfolding supervision of financial services and markets from a unique comparative perspective.' Chris Brummer, Georgetown University
'The financial crisis has brought massive regulatory changes to financial system regulation which would have been unthinkable a few years ago. In this book, four of the best international experts in financial regulation share their views as to the regulatory developments in three major jurisdictions (European Union, United States, and Australia).' Pierre-Henri Conac, University of Luxembourg
'The four chapters of this book provide the reader with an excellent analysis of post-crisis financial reforms in Europe and the US and an answer to the question of why the crisis did not hit Australian financial markets. An enlightening mix of legal, economic, and political insights is used to guide the reader into the most dramatic changes of the financial law landscape in the last decades.' Luca Enriques, Harvard Law School
'This ambitious collection brings coherence to the multifaceted and complex regulatory responses to the global financial crisis. With contributions from many of the leading scholars of international finance, The Regulatory Aftermath [of the Global Financial Crisis] portrays institutional reforms that are simultaneously massive and fluid. The volume reveals a new financial architecture built upon major national reforms within a significantly more interconnected system of cross-border supervisory coordination. An invaluable roadmap for academics, policy makers, and practitioners.' Howell E. Jackson, James S. Reid, Jr, Professor of Law, Harvard University

About Eilis Ferran (University of Cambridge)

Professor Eilis Ferran is Professor of Company and Securities Law at the University of Cambridge and a University J. M. Keynes Fellow in Financial Economics. Jennifer Hill is Professor of Corporate Law and a Director of the Ross Parsons Centre of Commercial, Corporate and Taxation Law at Sydney Law School, Australia. Professor Niamh Moloney is Professor of Financial Markets Law at the London School of Economics and Political Science and a Fellow (Household Finance) of the Centre for Financial Studies, Frankfurt. John C. Coffee, Jr is the Adolf A. Berle Professor of Law at Columbia University Law School and Director of its Center on Corporate Governance.

Table of Contents

1. Crisis-driven regulatory reform: where in the world is the EU going?; 2. The legacy effects of the financial crisis on regulatory design in the EU; 3. Why did Australia fare so well in the global financial crisis?; 4. The political economy of Dodd-Frank: why financial reform tends to be frustrated and systemic risk perpetuated.

Additional information

GOR006943736
9781107024595
1107024595
The Regulatory Aftermath of the Global Financial Crisis by Eilis Ferran (University of Cambridge)
Used - Very Good
Hardback
Cambridge University Press
2012-11-15
432
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Regulatory Aftermath of the Global Financial Crisis