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

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

Philip Booth, Terry Arthur
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Author:  Philip Booth, Terry Arthur
Condition:  New
Format:  Paperback
Pages:  168
Publisher:  Institute of Economic Affairs
Year:  2010
ISBN:  9780255365932

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.

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