the foundations and future of financial regulation

8
Iris H Chiu (Dr) University College London

Upload: doane

Post on 18-Jan-2016

36 views

Category:

Documents


0 download

DESCRIPTION

The Foundations and Future of Financial Regulation. Iris H Chiu (Dr) University College London. Financial Regulation. As distinguished from Financial Law Governing finance Financialisation and what this means Frameworks, principles, objectives and values - PowerPoint PPT Presentation

TRANSCRIPT

Page 1: The Foundations and Future of Financial Regulation

Iris H Chiu (Dr)University College London

Page 2: The Foundations and Future of Financial Regulation

As distinguished from Financial Law Governing finance Financialisation and what this means Frameworks, principles, objectives and

values The locations of power in governing finance

Page 3: The Foundations and Future of Financial Regulation

Governance by public authorities Financial stability as a public good Through legal reforms

Page 4: The Foundations and Future of Financial Regulation

Pre-emptive approach Increasing paternalism Expanded scope of coverage

Page 5: The Foundations and Future of Financial Regulation

Extra capital charges under Basel III Macro-prudential supervision Increased intervention in consumer

protection

Page 6: The Foundations and Future of Financial Regulation

Governing what is previously unregulated ‘More Europe’ – Moloney EU vs national institutions Co-governance

Page 7: The Foundations and Future of Financial Regulation

Meaning Policy measures corrective in nature? Lack of precise objective or permanent

content Regulation of financial sector remuneration

as example

Page 8: The Foundations and Future of Financial Regulation

‘Financial stability’ as kickstarting ideological reflections

Social utility New discourses in governing finance

needed