Promoting Information in the Marketplace for Financial Services

Financial Market Regulation and International Standards

Nonfiction, Reference & Language, Law, International, Business & Finance, Finance & Investing, Finance
Cover of the book Promoting Information in the Marketplace for Financial Services by Paul Latimer, Philipp Maume, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Paul Latimer, Philipp Maume ISBN: 9783319094595
Publisher: Springer International Publishing Publication: November 14, 2014
Imprint: Springer Language: English
Author: Paul Latimer, Philipp Maume
ISBN: 9783319094595
Publisher: Springer International Publishing
Publication: November 14, 2014
Imprint: Springer
Language: English

This book provides a unique comparative and global analysis of the regulation of disclosure in financial (securities) markets. It is written by two authors who represent both the new world (Australia) and the old world (Germany). The authors present their research in the global business context, with legal and regulatory perspectives including some references from Africa, Asia, the Middle East and South America.

After every “boom” and “bust”, legislators pass new disclosure legislation, often in a heated environment fuelled by politics and the media. Little regard is paid to existing regulation or the lessons learned from earlier regulation. The result is the continuing enactment of redundant and overlapping disclosure laws. Since financial markets are often described as markets for information, the failure to ensure disclosure is at the heart of financial services regulation. This book argues that the solution to the failure of disclosure is a brief, easily understood, principles-based, plain English safety-net amendment to statute law such as “you must keep the financial market fully informed”, a measure that would support effective mandatory continuous disclosure of information to financial markets.

This book examines the reasons for disclosure regulation, and how the efficient operation of financial markets is dependent on disclosure. It examines the adequacy of common law and civil law concerning broker/client disclosure, and concludes that industry licensing in itself fails to keep the market informed. While recognizing the failures of securities commissions to achieve good disclosure in financial markets, it confirms the effectiveness of coregulation of disclosure by a commission with the support of the financial markets (such as the stock exchange). Coregulation builds on financial market self-regulation, and is best described in the words of one-time SEC Chairman William O. Douglas, who, in the 1930s, described it as a shotgun behind the door.

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

This book provides a unique comparative and global analysis of the regulation of disclosure in financial (securities) markets. It is written by two authors who represent both the new world (Australia) and the old world (Germany). The authors present their research in the global business context, with legal and regulatory perspectives including some references from Africa, Asia, the Middle East and South America.

After every “boom” and “bust”, legislators pass new disclosure legislation, often in a heated environment fuelled by politics and the media. Little regard is paid to existing regulation or the lessons learned from earlier regulation. The result is the continuing enactment of redundant and overlapping disclosure laws. Since financial markets are often described as markets for information, the failure to ensure disclosure is at the heart of financial services regulation. This book argues that the solution to the failure of disclosure is a brief, easily understood, principles-based, plain English safety-net amendment to statute law such as “you must keep the financial market fully informed”, a measure that would support effective mandatory continuous disclosure of information to financial markets.

This book examines the reasons for disclosure regulation, and how the efficient operation of financial markets is dependent on disclosure. It examines the adequacy of common law and civil law concerning broker/client disclosure, and concludes that industry licensing in itself fails to keep the market informed. While recognizing the failures of securities commissions to achieve good disclosure in financial markets, it confirms the effectiveness of coregulation of disclosure by a commission with the support of the financial markets (such as the stock exchange). Coregulation builds on financial market self-regulation, and is best described in the words of one-time SEC Chairman William O. Douglas, who, in the 1930s, described it as a shotgun behind the door.

More books from Springer International Publishing

Cover of the book Historic Preservation by Paul Latimer, Philipp Maume
Cover of the book Learning from Data Streams in Dynamic Environments by Paul Latimer, Philipp Maume
Cover of the book Simulation-Driven Design by Knowledge-Based Response Correction Techniques by Paul Latimer, Philipp Maume
Cover of the book Software Technologies by Paul Latimer, Philipp Maume
Cover of the book Sensing and Control for Autonomous Vehicles by Paul Latimer, Philipp Maume
Cover of the book Micro to MACRO Mathematical Modelling in Soil Mechanics by Paul Latimer, Philipp Maume
Cover of the book Singular Limits in Thermodynamics of Viscous Fluids by Paul Latimer, Philipp Maume
Cover of the book Satureja: Ethnomedicine, Phytochemical Diversity and Pharmacological Activities by Paul Latimer, Philipp Maume
Cover of the book Discourses of Religion and Secularism in Religious Education Classrooms by Paul Latimer, Philipp Maume
Cover of the book Mycorrhizal Fungi in South America by Paul Latimer, Philipp Maume
Cover of the book Optimization with PDE Constraints by Paul Latimer, Philipp Maume
Cover of the book Rehabilitation Medicine for Elderly Patients by Paul Latimer, Philipp Maume
Cover of the book Between Globalization and Integration by Paul Latimer, Philipp Maume
Cover of the book Shadows of Empire in West Africa by Paul Latimer, Philipp Maume
Cover of the book Climate Change, Glacier Response, and Vegetation Dynamics in the Himalaya by Paul Latimer, Philipp Maume
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