US Financial Regulation and the Level Playing Field

by H. Garten

Overview

What will deregulation and globalization of financial markets mean for the future of US financial regulation? This book argues that the uniqueness of US regulation derives from its success in promoting four principles of competitive fairness that US players demand from financial markets. The peculiar US notion of a 'level playing field' provides a novel approach to understanding the evolution of US regulation, including recent reform, and to predicting US attitudes toward questions of global financial market supervision.

Product Details

ISBN-13:	9781349415328
Publisher:	Palgrave Macmillan UK
Publication date:	01/01/2001
Series:	International Political Economy Series
Edition description:	Softcover reprint of the original 1st ed. 2001
Pages:	236
Product dimensions:	5.51(w) x 8.50(h) x (d)

About the Author

HELEN A. GARTEN is a Professor of Law teaching at Rutgers University in Newark. She writes extensively on US financial regulatory issues, including bank safety and soundness and regulatory reform. Her past work includes Why Bank Regulation Failed: Designing a Bank Regulatory Strategy for the 1990s (1991) and numerous articles in US law journals as well as in the International Journal of Regulatory Law and Practice.

Table of Contents

Preface Introduction: Regulation and the Level Playing Field How to Think About Financial Regulation Is Regulation Beneficial? Deposit Insurance and the Politics of Regulatory Subsidy Results Matter Regulatory Conflict and Competitive Equality The Level Playing Field and Rules of Fair Play Failure on A Level Playing Field Let the Market Pick the Winners Glossary of Key US Financial Statutes Index

Editorial Reviews

For financial scholars and financial firms that must navigate US regulatory waters, Garten (law, Rutgers U.) tells a series of regulatory stories that illustrate how financial regulation in the US has been employed successfully to promote the principles of competitive fairness that US players demand from their financial markets and that find expression in the peculiar US notion of a level playing field. She addresses such questions as why US firms are remaining competitive under the regulatory burden, and whether the US is exporting its approach to the international arena. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews

Well researched and clearly written, this book is an important resource for students of regulation, particularly financial regulation. Choice

From the Publisher