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The Oxford Handbook of Financial Regulation

The Oxford Handbook of Financial Regulation
Author: Niamh Moloney
Publisher: OUP Oxford
Total Pages: 817
Release: 2015-08-27
Genre: Law
ISBN: 0191510866

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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 perennial 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 is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.


Financial Innovation: Theories, Models and Regulation

Financial Innovation: Theories, Models and Regulation
Author: G. V. Satya Sekhar
Publisher: Vernon Press
Total Pages: 154
Release: 2018-04-10
Genre: Business & Economics
ISBN: 1622734076

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Financial innovation is a regular feature of the global financial system. Financial innovation results in greater economic efficiency over time. In the process of creating a new financial product, besides basic theory of financial management, a financial engineer needs to acquire knowledge of optimization and financial modeling techniques. Modern financial innovation is underpinned by a rich literature including the seminal studies by Levich (1985), Smith, Smithson, and Wilford (1990), Verghese (1990), Merton (1992), Levine (1997), John D Finnerty (2002), Tufano (2003) and Draghi (2008), among many others. This book corresponds to the need to provide an integrated study on financial innovation and the economic regulatory mechanism. A key part of financial innovation covered in the book is the process of creating innovative financial securities and derivative pricing that offers new pay-offs to investors. The book also covers a selection of empirical studies corroborating financial innovation theories. It also exposes myths surrounding performance evaluation models. This book is presented in six chapters. The first chapter outlines important considerations on the application of financial innovation theories. The second chapter presents the theories that underpin financial innovation practice. The third chapter focuses on use of technology for financial modeling. The fourth chapter identifies the relationship between financial innovation and the wider economic system. The fifth chapter discusses the place of financial innovation in the global financial system. The sixth and final chapter presents a comparative analysis of India and the United States.


Financial Innovation, Regulation and Crises in History

Financial Innovation, Regulation and Crises in History
Author: Harold James
Publisher: Routledge
Total Pages: 192
Release: 2015-10-06
Genre: Business & Economics
ISBN: 1317317653

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With contributions from world-renowned figures such as Niall Ferguson and Adair Turner, this volume investigates how financial institutions and markets have undergone or reacted to past pressures, and the regulatory responses that emerged as a result.


The Regulation of Financial Innovations

The Regulation of Financial Innovations
Author: Claudius Seidel
Publisher: GRIN Verlag
Total Pages: 18
Release: 2011-11-15
Genre: Business & Economics
ISBN: 3656055459

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Essay from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, Technical University of Berlin, language: English, abstract: The paper deals with attempts to regulate innovations in the financial sector. This is demonstrated by the issue of High Frequency Trading/Algorithmic Trading. Possible consequences for stock markets and economic systems are taken into account and discussed.


Financial Innovation and Regulation

Financial Innovation and Regulation
Author: Dr Ramakrishnan
Publisher:
Total Pages: 20
Release: 2015
Genre:
ISBN:

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Financial innovations have changed the world from the time man invented the concept of interest in Mesopotamia, paper money in china to the modern Debt or Equity based mutual funds. Financial innovations occur because market participants are constantly searching for new ways to make greater profits. Profit making is the fundamental dimension for an enterprise to sustain, perform and grow. The aim of financial innovation is to make different services offered by financial system cheaper and more available. With financial innovations market participants attempt to minimize risk and to maximize return. Financial innovation will lead to decrease the effectiveness of the monetary control. Financial innovation also makes it is much harder to interpret financial data as sensitivity of the data is likely to change as a result of financial innovation. The effects of the financial innovation on the structure and operation of the financial system are thus profound. Regulation and competition are the two basic drivers of financial innovation. Most financial innovation exploits inefficiencies created by regulation and governance mechanisms. Regulation should directly aim at the systemic containment of risks. Financial innovation may provide a short-term safety valve when politics and regulation become stalled or dysfunctional. The task of regulation should be to design a robust system while reintroducing the freedom to go bankrupt. Therefore, a radical change in the approach to financial regulation is needed.


Regulating Financial Innovation

Regulating Financial Innovation
Author: Christopher Ruof
Publisher: Springer Nature
Total Pages: 449
Release: 2023-10-01
Genre: Business & Economics
ISBN: 3031329716

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This book explores the impact of 'Fintech' on the information asymmetry between the financial regulator and the markets. It details the growing regulatory mismatch and how Fintech exacerbates the “pacing problem”, where the regulator struggles to keep up with innovation. With information as a point of reference, the book adds a new perspective on the latest phenomenon in financial innovation and presents a novel framework for navigating structural changes in the financial sector. Based on this analysis, a number of proposals to reduce the information gap and avoid regulatory mismatch are discussed. Thereby, new and promising regulatory concepts, such as regulatory sandboxes and SupTech applications are also covered. This book provides a practical framework for regulatory responses to financial innovation. It will be relevant to researchers and practitioners interested in financial technology and regulation.


Performance of Financial Institutions

Performance of Financial Institutions
Author: Patrick T. Harker
Publisher: Cambridge University Press
Total Pages: 516
Release: 2000-05-18
Genre: Business & Economics
ISBN: 9780521777674

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The efficient operation of financial intermediaries--banks, insurance and pension fund firms, government agencies and so on--is instrumental for the efficient functioning of the financial system and the fueling of the economies of the twenty-first century. But what drives the performance of these institutions in today's global environment? In this volume, world-renowned scholars bring their expertise to bear on the issues. Primary among them are the definition and measurement of efficiency of a financial institution, benchmarks of efficiency, identification of the drivers of performance and measurement of their effects on efficiency, the impact of financial innovation and information technologies on performance, the effects of process design, human resource management policies, as well as others.


Innovation in Financial Services

Innovation in Financial Services
Author: Lech Gąsiorkiewicz
Publisher: Routledge
Total Pages: 278
Release: 2020-10-29
Genre: Business & Economics
ISBN: 1000204073

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This book delves into the many innovative changes that the financial industry has undergone in recent years. The authors investigate these developments in a holistic manner and from a wide range of perspectives: both public and private, business and consumer, regulators and supervisors. Initially, they set the framework of their analysis by discussing innovation cycles in financial services. Thereafter, they tackle the issue of financial innovations and their consequences for financial stability. They then review the new approaches to financial consumers’ protection, which emerged in the aftermath of the global financial crisis. The authors underline the fact that this new approach is heavily influenced by the recent innovative drive in the financial industry. Next, they switch their attention to the public sector, examining the innovative processes in monetary policy and central banks, structural innovations in the supervisory models and systems, and they assess some specific supervisory challenges regarding blockchain and the application of mathematics in the supervisory capacity. Additionally, the book examines a range of issues related to the private sector, such as recent developments regarding risk transferring mechanisms on the financial market, artificial intelligence and natural language processing for regulatory filings, the development of process management in insurance companies and other innovative products on the market. Finally, Innovation in Financial Services discusses how the digital transformation of the financial system impacts the interaction between the public and private sectors. The book is intended for graduate and postgraduate level students, researchers, public sector officers, as well as financial sector practitioners.


Innovation and the State

Innovation and the State
Author: Cristie Ford
Publisher: Cambridge University Press
Total Pages: 374
Release: 2017-12-07
Genre: Law
ISBN: 1108514669

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From social media to mortgage-backed securities, innovation carries both risk and opportunity. Groups of people win, and lose, when innovation changes the ground rules. Looking beyond formal politics, this new book by Cristie Ford argues that we need to recognize innovation, and financial innovation in particular, as a central challenge for regulation. Regulation is at the leading edge of politics and policy in ways that we have not yet fully grasped. Seemingly innocuous regulatory design choices have clear and profound practical ramifications for many of our most cherished social commitments. Innovation is a complex phenomenon that needs to be understood not only in technical terms, but also in human ones. Using financial regulation as her primary example, Ford argues for a fresh approach to regulation, which recognizes innovation for the regulatory challenge that it is, and which binds our cherished social values and our regulatory tools ever more tightly together.