Description

It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial markets in Britain developed their own regulation, without government intervention. This monograph examines the economic case for a statutory regulator of investment transactions and finds it wanting. Private stock exchanges can provide regulation at less cost and less intrusively than the FSA.

Does Britain Need a Financial Regulator?: Statutory Regulation, Private Regulation & Financial Markets

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Paperback / softback by Philip Booth , Terry Arthur

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It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial... Read more

    Publisher: Institute of Economic Affairs
    Publication Date: 04/08/2010
    ISBN13: 9780255365932, 978-0255365932
    ISBN10: 255365934

    Number of Pages: 168

    Non Fiction , Business, Finance & Law

    Description

    It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial markets in Britain developed their own regulation, without government intervention. This monograph examines the economic case for a statutory regulator of investment transactions and finds it wanting. Private stock exchanges can provide regulation at less cost and less intrusively than the FSA.

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