Derivative instruments: lessons for the regulatory state
Article Abstract:
Some of regulators' problems in deciding how to handle derivatives also apply to regulating the whole financial services industry. Regulators must stroke a balance in this area because some risk is a necessary feature of capital markets. The elimination of risk would mean the elimination of returns to investors. Capital markets allocate risks to those most capable of handling it and package it in a manageable way. Regulators can help in this task.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 1995
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The business of banking: before and after Gramm-Leach-Bliley Act
Article Abstract:
The author contends that the 1999 financial services reform law, the Gramm-Leach-Bliley Act, was based on the false public interest premise that commercial banking was technologically obsolete. The benefits of the law for consumers, and the law's limitations, are discussed..
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 2000
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Banking and insurance: before and after the Gramm-Leach-Bliley Act
Article Abstract:
The author outlines the growth of the US insurance industry and traces the growing involvement of banks in insurance activities. The impact of the 1999 financial services reform measure, the Gramm-Leach-Bliley Act, on retail financial services is discussed.
Publication Name: The Journal of Corporation Law
Subject: Law
ISSN: 0360-795X
Year: 2000
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