The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution continues to accelerate. It is now clear that regulation must focus on the financial system as a whole, but this poses significant challenges for regulators. Principles of Financial Regulation describes how to address those challenges.
Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of regulation by drawing on economics, finance, and law methodologies. The volume examines regulation in a purposive and dynamic way by framing the book in terms of what the financial system does, rather than what financial regulation is. By analysing specific regulatory measures, the book provides readers to the opportunity to assess regulatory choices on specific policy issues and encourages critical reflection on the design of regulation.
John Armour is the Hogan Lovells Professor of Law and Finance, University of Oxford.
Dan Awrey is Associate Professor of Law and Finance and Academic Director of the MSc in Law and Finance programme, University of Oxford.
Paul Davies is a Senior Research Fellow, Harris Manchester College, University of Oxford.
Luca Enriques is the Allen & Overy Professor of Corporate Law, University of Oxford.
Jeffrey N. Gordon is the Richard Paul Richman Professor of Law, Columbia Law School.
Colin Mayer is the Peter Moores Professor of Management Studies, Said Business School, University of Oxford.
Jennifer Payne is Professor of Corporate Finance Law, University of Oxford