The essays in this work offer a high-level examination of the most important issues facing financial services regulation,and the far-reaching effects of the Financial Services and Markets Act 2000 on the UK financial sector in the context of rapid global change. Taking an interdisciplinary approach the book includes contributions by many distinguished academic authorities on the law and ecomics of regulation, and also some of the most influential practitioners, regulators and policymakers. As such it provides an authoritative analysis of the underlying issues affecting the broad development of financial services regulation: the objectives of regulation, the responsibilities of the regulated community, the accountability of regulators, the regulation of electronic financial markets and the impact of stock market mergers, regional regulation within Europe, and the development of global financial regulation.
Eilis Ferran is Director of the Centre for Corporate and Commercial Law (3CL),University of Cambridge, and Reader in Corporate Law and Financial Regulation, University of Cambridge. Charles A E Goodhart CBE, is Deputy Director of the Financial Markets Group and Norman Sosnow Professor of Banking and Finance at the London School of Economics.