Regulating (From) the Inside: The Legal Framework for Internal Control in Banks and Financial Institutions

Iris H-Y Chiu

ISBN 10: 1509920099 / ISBN 13: 9781509920099

Published by Hart Publishing, 1944

About this Item

Seller Inventory # LU-9781509920099

Bibliographic Details

• Title: Regulating (From) the Inside: The Legal Framework for Internal Control in Banks and Financial Institutions
• Publisher: Hart Publishing
• Publication Date: 1944
• Language: English
• ISBN 10: 1509920099
• ISBN 13: 9781509920099
• Binding: Paperback
• Condition: New
• Dimensions: 15.6W x 1.85H x 23.39D centimeters 15.6 centimeters width by 1.85 centimeters height by 23.39 centimeters depth
• Weight: 499 grams

About this title

Synopsis

This book examines a key aspect of the post-financial crisis reform package in the EU and UK-the ratcheting up of internal control in banks and financial institutions. The legal framework for internal controls is an important part of prudential regulation, and internal control also constitutes a form of internal gate-keeping for financial firms so that compliance with laws and regulations can be secured. This book argues that the legal framework for internal control, which is a form of meta-regulation, is susceptible to weaknesses, and such weaknesses are critically examined by adopting an interdisciplinary approach. The book discusses whether post-crisis reforms adequately address the weaknesses in regulating internal control and proposes an alternative strategy to enhance the 'governance' effectiveness of internal control.

About the Author

Iris H-Y Chiu is Professor of Corporate Law and Financial Regulation at University College London, UK.