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Making good financial regulation: towards a policy response to regulatory capture

, ed. (2012) Making good financial regulation: towards a policy response to regulatory capture. Grosvenor House Publishing, London, UK. ISBN 9781781485484

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Abstract

How can we mitigate the risk that the financial regulatory process may unduly favour narrow industry interests at the expense of the public? The global financial crisis brought the close interaction between policymakers and financial industry players in the regulation of financial markets under the spotlight, and highlighted the risk that this proximity may distort the content of regulatory policies away from the public interest. However, while references to the concept of "regulatory capture" have permeated much of the discourse on financial regulation, a debate regarding policy measures which could be introduced to strengthen the integrity of the policymaking process in finance has struggled to emerge. This publication makes a contribution towards addressing this gap. It combines the perspectives of academics, former regulators, financial industry practitioners, representatives of consumer groups and non-financial end users, and policymakers from outside finance, to discuss the aspects of the policymaking process in finance which may divert the content of regulatory policies away from the public interest, as well as available policy solutions to mitigate this risk.

Item Type: Book
Official URL: http://www.grosvenorhousepublishing.co.uk/
Additional Information: © 2012 The Author and the International Centre for Financial Regulation
Divisions: International Relations
Subjects: H Social Sciences > HG Finance
JEL classification: G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation
Date Deposited: 21 Sep 2012 09:42
Last Modified: 15 Sep 2023 21:52
URI: http://eprints.lse.ac.uk/id/eprint/46278

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