Product Description
This book focuses on contrasting approaches to the regulation of investment firms in the major financial centers while highlighting the underlying policy differences in the countries concerned. This book emphasizes the need for a level playing field, and the idea that banks investment firms should be subject to the same capital adequacy standards in respect of their securities activities.
From the Publisher
The failure to establish common standards among bank and securities regulators could pose a serious threat to global financial stability due to the fact that financial markets are becoming increasingly integrated both geographically and through banks' diversification into securities business. Using a clear and logical approach, Dale focuses on contrasting methods for the regulation of investment firms in major financial centers. He highlights the underlying policy differences in the countries concerned.
