Does Britain need a financial regulator?
statutory regulation, private regulation and financial markets
- ISBN: 9780255365932
- Editorial: Institute of Economic Affairs
- Fecha de la edición: 2010
- Lugar de la edición: London. Reino Unido
- Encuadernación: Rústica
- Medidas: 22 cm
- Nº Pág.: 166
- Idiomas: Inglés
It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial markets in Britain developed their own regulation, without government intervention. This monograph examines the economic case for a statutory regulator of investment transactions and finds it wanting. Private stock exchanges can provide regulation at less cost and less intrusively than the FSA.