Does Britain Need a Financial Regulator?: Statutory Regulation, Private Regulation & Financial Markets

Philip Booth, Terry Arthur

ISBN 10: 0255365934 / ISBN 13: 9780255365932

Published by Institute of Economic Affairs, 2010

About this Item

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.

Seller Inventory # 0072417

Bibliographic Details

• Title: Does Britain Need a Financial Regulator?: Statutory Regulation, Private Regulation & Financial Markets
• Publisher: Institute of Economic Affairs
• Publication Date: 2010
• Language: English
• ISBN 10: 0255365934
• ISBN 13: 9780255365932
• Binding: Paperback
• Condition: New

About this title

Synopsis

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.

About the Author

Philip Booth is Academic and Research Director at the Institute of Economic Affairs and Professor of Finance, Public Policy and Ethics at St Mary’s University, Twickenham. From 1 November 2016, he will be Director of Research and Public Engagement at St  Mary’s. Previously, he worked for the Bank of England as an advisor on financial stability issues and has been Associate Dean of Cass Business School. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. Philip has a BA in economics from the University of Durham and a PhD from City University.