Financial Market Regulation

Legislation and Implications

Editors: Tatom, John A. (Ed.)

  • The first long-range examination of the most important financial legislation in the last 75 years
  • Financial experts discuss the effects of the law, including possible changes in its provisions
  • Includes contribution from Congressman James Leach
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eBook $159.00
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  • ISBN 978-1-4419-6637-7
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Hardcover $209.00
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  • ISBN 978-1-4419-6636-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $209.00
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  • ISBN 978-1-4899-8258-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

What role should regulation play in financial markets? What have been the ramifications of financial regulation? To answer these and other questions regarding the efficacy of legislation on financial markets, this book examines the impact of the Gramm Leach Bliley Act (GLBA), also called the Financial Modernization Act of 1999, which fundamentally changed the financial landscape in the United States. The GLBA allows the formation of financial holding companies that can offer an integrated set of commercial banking, securities and insurance products. The tenth anniversary of the most sweeping financial legislation reform in the industry’s structure is a natural benchmark for assessing the effects of the law and for questioning whether changes are necessary in the working of this historic legislation. The importance of this review is reinforced by a variety of proposals in the last several years to reform the regulation of financial institutions that have attracted considerable attention among regulators and in the financial firms that they regulate. Most recently, the financial crisis and the failure of some large financial institutions have called into question the legitimacy of America’s current financial structure and its regulation, including to some degree the GLBA. There is no doubt that regulatory reform is front and center on today’s policy agenda. The lessons of the GLBA experience and its effects, both domestic and international, on financial markets and competitiveness, risk-taking and risk management by financial services firms and their regulators will be critical to the direction the country takes and the effort to ensure that future financial crises do not occur or have less costly damage. With contributions from academics, policy experts, and a sponsor of the GLBA, Congressman James Leach, this book is invaluable to anyone interested in financial system reform.

Table of contents (12 chapters)

  • Financial Legislation: The Promise and Record of the Financial Modernization Act of 1999

    Tatom, John A.

    Pages 3-17

  • Did the “Repeal” of Glass-Steagall Have Any Role in the Financial Crisis? Not Guilty. Not Even Close

    Wallison, Peter J.

    Pages 19-29

  • Glass-Steagall in Our Future: How Straight, How Narrow

    Mayer, Martin

    Pages 31-41

  • Cross-Border Impact of Financial Services Modernization Act (FSMA): Evidence from Large Foreign Banks

    Hassan, M. Kabir (et al.)

    Pages 45-61

  • Global Impact of the Gramm-Leach-Bliley Act: Evidence from Insurance Industries of Developed Countries

    Hassan, M. Kabir (et al.)

    Pages 63-77

Buy this book

eBook $159.00
price for USA (gross)
  • ISBN 978-1-4419-6637-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $209.00
price for USA
  • ISBN 978-1-4419-6636-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $209.00
price for USA
  • ISBN 978-1-4899-8258-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Financial Market Regulation
Book Subtitle
Legislation and Implications
Editors
  • John A. Tatom
Copyright
2011
Publisher
Springer-Verlag New York
Copyright Holder
Networks Financial Institute
eBook ISBN
978-1-4419-6637-7
DOI
10.1007/978-1-4419-6637-7
Hardcover ISBN
978-1-4419-6636-0
Softcover ISBN
978-1-4899-8258-2
Edition Number
1
Number of Pages
XVIII, 240
Topics