Building responsive and responsible financial regulators in the aftermath of the global financial crisis
By: editor, Pablo Iglesias-Rodríguez
Publisher: Intersentia
Published: 2015
Place of publication: Cambridge
Language: eng
Number of pages: 273
ISBN-13: 9781780681795
Subjects: Finance; Law and legislation; Financial institutions; Financial services industry; Finanzdienstleistungsaufsicht; Rechtsvergleich
Description: The global financial crisis that started in 2007 sparked several academic debates about the role that financial sector regulators played in the crisis and prompted policy reforms in the financial supervision architectures of several countries. This book focuses on the question of what accountability, independence, transparency and, more generally, governance mechanisms applicable to financial regulators can better contribute to building responsive, responsible and effective regulatory and supervisory frameworks that tackle the weaknesses of the pre-crisis regimes. It re-visits the concepts of accountability and independence of financial regulators as well as the main economic theories underlying financial services policy-making, in light of the crisis experience.
Notes: Includes bibliographical references.
Table of contents: title: Responsive-and-responsible financial regulation in the aftermath of the global financial crisis  -- Pablo Iglesias-Rodríguez; title: Financial institutions and accountability mechanisms  -- Rosa María Lastra; title: Central bank governance, society and politicians : the tale of independence  -- Donato Masciandaro; title: Ultrarational illusion of finance : economics and policymaking  -- Xosé Carlos Arias and Antón Costas; title: Governing financial market regulation : a cascade from intergovernmental bank resolution, to prudential regulation, to conduct regulation --; title: European Securities and Markets Authority : accountability towards EU institutions and stakeholders  -- Carmine Di Noia and Matteo Gargantini; title: Role of civil society in EU financial regulation  -- Guillaume Prache; title: Financial stability rearticulated : institutional reform, post-crisis governance and the new regulatory landscape in the United States  -- David S. Bieri; title: Financial industry regulatory suthority : not self-regulation after all  -- Hester Pierce; title: Why opacity is just not good enough : the effectiveness and accountability of Canada's Office of the Superintendent of Financial Institutions -- Ian Roberge and Dona M. Dunea.