The Local Alternative: Decentralization and Economic Development

Front Matter....Pages i-xv
Front Matter....Pages 1-1
Introduction....Pages 3-24
The assessment of financial regulation from a regulator’s perspective....Pages 25-32
Financial regulation as the safeguard of balances in a global context....Pages 33-39
Financial markets regulation: The role of a separate competition authority....Pages 40-71
Front Matter....Pages 73-73
The assessment of financial markets’ regulation....Pages 75-83
Facing new regulatory challenges: The case of proprietary trading systems....Pages 84-91
Regulatory efficiency: A market assessment....Pages 92-102
Efficiency and stability considerations in the design of prudential ratios: Some reflections....Pages 103-116
Front Matter....Pages 117-117
The emergence of a moral code of practice: The case of the Takeover Panel....Pages 119-128
SFA’s approach to regulation of investment business in the UK equity markets....Pages 129-135
Front Matter....Pages 137-137
Self-regulation and financial fraud....Pages 139-154
Legal aspects of financial fraud....Pages 155-170
Front Matter....Pages 171-171
Regulatory arbitrage, harmonization and financial innovation....Pages 173-178
Experiencing regulatory harmonization: The UK implementation of the investment services directive....Pages 179-191
Some aspects of the Italian financial market and its regulation....Pages 192-213
Front Matter....Pages 215-215
The Securities and Exchange Commission and the publicly-held company: An overview of the US regulatory system....Pages 217-240
Back Matter....Pages 241-246