The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state-of-the-art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three Parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the major reoccurring objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability; market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation will be an invaluable resource for scholars and students of financial regulation, and for economists, policy-makers and regulators.
The essays included in this volume represent an ideal starting point to first, understand the main problems arising in the regulation of financial markets, and secondly, further research key topics that emerge from this treatise. The Handbook provides an unprecedented, coherent, and contextual coverage of the main themes related to the regulation of financial markets and it puts forward an authoritative statement as to the status of post-crisis reform. Vincent Bavoso, Journal of International Banking Law and Regulation
Jennifer Payne is Professor of Corporate Finance Law at the University of Oxford and a fellow and tutor at Merton College, Oxford. Her recent publications include Corporate Finance Law: Principles and Policy (Hart, 2011, with Louise Gullifer).