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

By Philip Booth and Terry Arthur

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.

• Format: Paperback
• Language: English
• ISBN: 0255365934
• ISBN13: 9780255365932
• Release Date: January 2010
• Publisher: Iea
• Length: 168 Pages