Palgrave Macmillan studies in banking and financial institutions.
CONTENTS NOTE
Text of Note
1. Definition and Theories of Regulation --;1.1. Definition of Regulation --;1.2. Forms of Regulation --;1.3. The Public Interest Theory of Regulation --;1.4. The Capture Theory of Regulation --;1.5. The Special Interest Groups Theory of Regulation --;1.6. Concluding Remarks --;2. Arguments for and Against Regulation --;2.1. Introduction --;2.2. Avoiding Corporate Failure --;2.3. Creature of the State --;2.4. Market Failure --;2.5. The Protection of Rights --;2.6. Efficiency --;2.7 Impeding Innovation --;2.8. The Cost of Compliance --;2.9. Circumvention of Regulation --;2.10. Ineffectiveness --;2.11. Corruption as a Justification for Financial Regulation --;2.12. The Greed Game --;2.13. Concluding Remarks --;3. Regulation, Deregulation and Financial Crises --;3.1. The Free Market Doctrine --;3.2. Free Banking and Financial Laissez Faire --;3.3. Regulation and Banking Efficiency: The Empirical Evidence --;3.4. Deregulation as a Cause of Financial Crises --;3.5. Concluding Remarks --;4. Good Regulation: Payday Loans, Securitisation and Insider Trading --;4.1. What is Good Regulation? --;4.2. Payday Loans --;4.3. Arguments for and Against the Regulation of Payday Loans --;4.4. Securitisation and Derivatives --;4.5. Insider Trading --;5. Good Regulation: Leverage and Liquidity --;5.1. The Leverage Ratio: Why Does it Matter? --;5.2. Leverage as a Cause of the Global Financial Crisis --;5.3. The Basel 3 Leverage Ratio --;5.4. Arguments for and Against the Leverage Ratio --;5.5. The Concept of Liquidity --;5.6. The Role of Liquidity in the Global Financial Crisis --;5.7. Arguments for the Regulation of Liquidity --;6. Bad Regulation: Basel 1 and Basel 2 --;6.1. The Basel 1 Accord --;6.2. From Basel 1 to Basel 2 --;6.3. A Critical Evaluation of Basel 2 --;6.4. Basel 2 and the Global Financial Crisis --;6.5. Conclusion --;7. Bad Regulation: Basel 2.5 and Basel 3 --;7.1. From Basel 2 to Basel 2.5 --;7.2. A Critique of Basel 2.5 --;7.3. Basel 2 to Basel 3 --;7.4. The Basel 3 Provisions --;7.5. A Critique of Basel 3 --;7.6. The Verdict on Basel 3 and the Basel Culture --;7.7. Conclusion --;8. Bad Regulation: Short Selling --;8.1. Introduction --;8.2. Some Preliminary Remarks --;8.3. The Past and Present of Short Selling --;8.4. Arguments for Short Selling --;8.5. Arguments against Short Selling --;8.6. The Regulation of Short Selling: A Critique --;8.7. Naked vs Covered Short Selling --;8.8 Conclusion --;9. Bad Regulation: High-Frequency Trading --;9.1. Regulating the Unknown --;9.2. What is HFT? --;9.3. The Proclaimed Profitability of HFT --;9.4. HFT as the Cause of the Flash Crash --;9.5. Arguments against HFT --;9.6. The Case for and Against the Regulation of HFT --;9.7. Conclusion --;10. Bad Regulation: Too Big to Fail, Bail-out and Bail-in --;10.1. Introduction --;10.2. The Concept of TBTF --;10.3. Evolution of the TBTF Doctrine --;10.4. Arguments for TBTF --;10.5. Arguments against TBTF --;10.6. Dealing with the Menace of TBTF --;10.7. Bail-out versus Bail-in --;10.8. Conclusion --;11. Concluding Remarks --;11.1. Recapitulation --;11.2. What is Good Regulation? --;11.3. Corruption as a Cause of Instability and Crises --;11.4. Banks Always Win --;11.5. Taleb's Ten Commandments --;11.6. Light at the End of the Tunnel?
SUMMARY OR ABSTRACT
Text of Note
Since the 2007 2008 global financial crisis, there has been much debate about the role of financial regulation and the causes of financial instability in the industry. and debates the negative aspects of the regulation of short selling, and high-frequency trading, and of Basel-style banking regulation.