Financial Regulation and Supervision: A post-crisis analysis by Eddy WymeerschFinancial Regulation and Supervision: A post-crisis analysis by Eddy Wymeersch

Financial Regulation and Supervision: A post-crisis analysis

EditorEddy Wymeersch, Klaus Hopt, Guido Ferrarini

Hardcover | September 15, 2012

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This comprehensive account of financial regulation and supervision in times of crisis analyses the complex changes under way regarding the new financial regulatory structures in the EU. Focusing on the organisation of financial supervision, it deals with the background to the reforms, thearchitecture of the regulatory system, the likely implications for the financial institutions and the challenge of international co-operation. Changes in the US have been heavily criticised and in Europe a brand new regulatory system with three new regulatory agencies and a systemic risk board has been developed. National systems are in the process of being updated. International cooperation, although still difficult, has made progress,with the Financial Stability Board now acting on behalf of the G.20. Central bank cooperation has improved significantly and in the meantime, sectoral regulations are being adapted in full speed, such as Basel III, AIDMD, MiFID and many others. This book gives an overall view of these complexchanges.The first section of the book provides an assessment of the reforms and considers the background to their making. In the section on regulatory structure there is analysis of the new regulatory bodies, their complex competences and actions. The book also takes a critical look at their likelyeffectiveness. The final section of the work considers the actual implementation of the new rules in a cross-border context.
Eddy Wymeersch is professor at the University of Gent. He was Chairman of the Committee of European Securities regulators (CESR) (February 2007- July 2010) and of the European Regional Committee of IOSCO, in that capacity also taking part in the Executive and the Technical committee (2006-2010). He was Chairman of the Belgian Commissi...
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Title:Financial Regulation and Supervision: A post-crisis analysisFormat:HardcoverDimensions:560 pagesPublished:September 15, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199660905

ISBN - 13:9780199660902

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Table of Contents

Part I - Financial Reform as a Response to the 2008 crisis1. J. Black: Restructuring Global and EU Financial Regulation: Character, Capacities and Learning2. H. Davies: Unfinished Business: An Assessment of the Reforms3. D. Green: The Relationship Between Micro-Macro-Prudential Supervision and Central BankingPart II - The New European Supervisory Architecture4. N. Moloney: Supervision in the Wake of the Financial Crisis: Achieving Effective 'Law in Action' - A Challenge for the EU5. E. Ferran: Understanding the New Institutional Architecture of EU Financial Market Supervision6. C. Papathanassiou: A European Framework for Macro-Prudential Oversight7. C.di Noia and M.C. Furlo: The New Structure of Financial Supervision in Europe - What's Next?8. G. Ferrarini and F. Chiodini: Nationally Fragmented Supervision over Multinational Banks as a Source of Global Systemic Risk: A Critical Analysis of Recent EU Reforms9. E. Wymeersch: The European Financial Supervisory Authorities or ESAsPart III - Regulation in Search for a Purpose10. G. Hertig: Post-Financial Crisis Trading and Clearing Reforms in the EU: A Story of Interest Groups with Magnified Voice11. K.J. Hopt: Corporate Governance of Banks After the Financial Crisis12. J. Winter: The Financial Crisis: Does Good Corporate Governance Matter and How to Achieve it?Part IV - The International Dimension: New Challenges13. A. Van Cauwenberge: Developments Regarding Global Cooperation in Supervision of Financial Markets14. E. Hupkes: The Last Frontier: Protecting Critical Functions Across Borders15. J. Cox: Extraterritorial Reach of US Financial Laws