As international financial markets have become more complex, so has the regulatory system which oversees them. The Basel Committee is just one of a plethora of international bodies and groupings which now set standards for financial activity around the world, in the interests of protecting savers and investors and maintaining financial stability.

Autorentext

Howard Davies is Director of the London School of Economics and Political Science. David Green is Adviser on International Affairs at the Financial Reporting Council.

Inhalt

Acknowledgements vi

List of abbreviations viii

Introduction 1

1 The Objectives of International Financial Regulation 7

2 The Current International Regulatory System: Theory and Practice 32

3 The International Financial Institutions and their Role in Financial Regulation 110

4 The European Union: A Special Case 127

5 Regulatory Structures in Individual Countries 155

6 The Debate on Regulatory Structure 187

7 The Need for Reform 214

Afterword 260

References 265

Index 275