Modern Financial Regulation
Is light touch regulation to blame for the banking crisis? What about the current mis-selling scandals? Is it possible to avoid such predicaments in the future through regulation?
Modern Financial Regulation is a practical guide to the regulation of financial services following the changes introduced by the Financial Services Act 2012. This new legislation has brought about major structural and regulatory changes to financial services, including:
- replacement of the Financial Services Authority with the Financial Conduct Authority and the Prudential Regulation Authority
- introduction of a more robust regime of regulatory, civil injunctive and criminal enforcement
- a new consumer focussed investigative and prosecution authority that will regulate consumer markets
- a focus on ‘principles based’ enforcement which mirrors the approach taken in European consumer law
The Financial Services Act 2012 amends and consolidates various statutory provisions. Modern Financial Regulation charts these changes and their effect upon other discrete areas of financial regulation, including: consumer credit and hire, money laundering, payment services, electronic money and market abuse, insider trading and cartels.
Modern Financial Regulation is essential reading for anyone who requires an understanding of the legal framework that underpins the financial services sector.
- The only book to provide a comprehensive summary of these fundamental changes
- Easily readable and designed to provide a way into a complex and difficult area
- Covers ancillary areas such as money laundering, payment protection, consumer credit and e-money
- Relevant extracts of legislation reproduced
- Written by two consumer and regulatory law specialists
- A must have for every finance professional at all levels including students