Financial Market Regulation

Legislation and Implications

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Business & Finance, Finance & Investing, Finance
Cover of the book Financial Market Regulation by , Springer New York
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781441966377
Publisher: Springer New York Publication: January 11, 2011
Imprint: Springer Language: English
Author:
ISBN: 9781441966377
Publisher: Springer New York
Publication: January 11, 2011
Imprint: Springer
Language: English

What role should regulation play in financial markets? What have been the ramifications of financial regulation? To answer these and other questions regarding the efficacy of legislation on financial markets, this book examines the impact of the Gramm Leach Bliley Act (GLBA), also called the Financial Modernization Act of 1999, which fundamentally changed the financial landscape in the United States. The GLBA allows the formation of financial holding companies that can offer an integrated set of commercial banking, securities and insurance products. The tenth anniversary of the most sweeping financial legislation reform in the industry’s structure is a natural benchmark for assessing the effects of the law and for questioning whether changes are necessary in the working of this historic legislation. The importance of this review is reinforced by a variety of proposals in the last several years to reform the regulation of financial institutions that have attracted considerable attention among regulators and in the financial firms that they regulate. Most recently, the financial crisis and the failure of some large financial institutions have called into question the legitimacy of America’s current financial structure and its regulation, including to some degree the GLBA. There is no doubt that regulatory reform is front and center on today’s policy agenda. The lessons of the GLBA experience and its effects, both domestic and international, on financial markets and competitiveness, risk-taking and risk management by financial services firms and their regulators will be critical to the direction the country takes and the effort to ensure that future financial crises do not occur or have less costly damage. With contributions from academics, policy experts, and a sponsor of the GLBA, Congressman James Leach, this book is invaluable to anyone interested in financial system reform.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

What role should regulation play in financial markets? What have been the ramifications of financial regulation? To answer these and other questions regarding the efficacy of legislation on financial markets, this book examines the impact of the Gramm Leach Bliley Act (GLBA), also called the Financial Modernization Act of 1999, which fundamentally changed the financial landscape in the United States. The GLBA allows the formation of financial holding companies that can offer an integrated set of commercial banking, securities and insurance products. The tenth anniversary of the most sweeping financial legislation reform in the industry’s structure is a natural benchmark for assessing the effects of the law and for questioning whether changes are necessary in the working of this historic legislation. The importance of this review is reinforced by a variety of proposals in the last several years to reform the regulation of financial institutions that have attracted considerable attention among regulators and in the financial firms that they regulate. Most recently, the financial crisis and the failure of some large financial institutions have called into question the legitimacy of America’s current financial structure and its regulation, including to some degree the GLBA. There is no doubt that regulatory reform is front and center on today’s policy agenda. The lessons of the GLBA experience and its effects, both domestic and international, on financial markets and competitiveness, risk-taking and risk management by financial services firms and their regulators will be critical to the direction the country takes and the effort to ensure that future financial crises do not occur or have less costly damage. With contributions from academics, policy experts, and a sponsor of the GLBA, Congressman James Leach, this book is invaluable to anyone interested in financial system reform.

More books from Springer New York

Cover of the book In Situ Chemical Oxidation for Groundwater Remediation by
Cover of the book Evolutionary Foundations of Equilibria in Irrational Markets by
Cover of the book Management of Bladder Cancer by
Cover of the book Introduction to Tensor Analysis and the Calculus of Moving Surfaces by
Cover of the book Ultrasound Mammography by
Cover of the book Alcohol Use Disorders and the Lung by
Cover of the book Nuclear Medicine Technology Study Guide by
Cover of the book The Little Book of Time by
Cover of the book Nano-Electronic Devices by
Cover of the book Living with Water by
Cover of the book Breathing on the Roof of the World by
Cover of the book Immunosenescence by
Cover of the book Subcortical Structures and Cognition by
Cover of the book Techniques and Methodological Approaches in Breast Cancer Research by
Cover of the book Natural Killer T cells by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy