The Internationalisation of capital markets and the regulatory response

목차 (Table of Contents)

• CONTENTS
• The Financial Markets Group = ⅴ
• Foreword = ⅶ
• Authors = ⅹ
• List of Tables = xv
• List of Figures = xv
• List og Abbreviations = xvii
• Acknowledgements = xviii
• Part Ⅰ Introduction = 19
• Chapter One Major Issues Relevant for Regulatory Response to the Internationalisation of Capital Markers / Sir David Walker = 21
• Chapter Two Reconciling National and International Concerns in the Fegulation of Global Capital Markets / Richard C. Breeden = 27
• Part Ⅱ International Banking Regulation = 33
• Chapter Three International Trade in Banking Services : A Conceptual Framework / Sydney J. Key ; Hal S. Scott = 35
• 3.1 Introduction = 35
• 3.2 complementary and Conflicting Policy Goals = 39
• 3.3 Principles Applicable to Different Forms of Trade in Banking Services = 46
• 3.4 Overview of the Matrix = 59
• 3.5 The Appropriate Forum = 62
• 3.6 conclusion = 66
• Chapter Four Banking Competition, Regulation and the Philosophy of Financial Development : A Search for First Principles. / Joseph Risignano = 69
• 4.1 Introduction = 69
• 4.2 Finance Structure, Contracts and Transactons = 70
• 4.3 Central Banks and the Liquidity of Financial Markets = 78
• 4.4 Financial Organisation : Structural vs Prudential Regulation = 82
• 4.5 'The Nature of the Bank' : Financial Deregulation and the Restructuring of Corporate Capital = 91
• 4.6 'Reputational Capital', Real Capital and the Shrinking of the Safety Net = 99
• Discussion / Charles A.E. Goodhort = 103
• Part Ⅲ Regulating Financial Institutions in a Global Context = 107
• Chapter Five Regulating Banks' Securities Activities : A Global Asessment / Richard Dale = 109
• 5.1 Introduction = 109
• 5.2 Policy Choices = 110
• 5.3 National Practice = 119
• 5.4 Conclusion = 128
• Chapter Six International Corporate Finance and the Challenge of Creative Compliance / Doreen McBarnet ; Christopher Whelan = 129
• 6.1 Regulation and the Internationalisation of Capital Markets = 129
• 6.2 Controlling Competitive Advantage : The Case of the Single European Market = 131
• 6.3 Creasive Compliance = 135
• 6.4 The Challenge of Creative Compliance in a Competitive Market = 139
• Discussion / Anthony G. Hopwood = 143
• Part Ⅳ The Effects of Regulation = 147
• Chapter Seven Financial Regulation : The Contribution of the Theory of Finance / Stephen M. Schaefer = 149
• 7.1 Introduction = 149
• 7.2 The 'Why' of Capital Regulation = 151
• 7.3 The 'How' of Capital Regulation = 158
• 7.4 conclusions = 166
• Chapter Eight comparing the Performance of Stock Exchange Trading Systems Ailsa R$${\ddot o}$$rll = 167
• 8.1 Introducton = 167
• 8.2 The Markets in cross-listed French Equitites = 168
• 8.3 Discussion of Trading Structure and Policy Issues = 172
• 8.4 concluding Comments = 177
• Discussion / Joel Hasbrouck = 179
• Part Ⅴ The Limits of International Regulatory Coordination = 181
• Chapter Nine The Market for Markets : Competition between Investment Exchanges / caroline Bradley = 183
• 9.1 Introduction : Internationalisation - Focus on Exchanges = 183
• 9.2 Competition Between Exchanges - Barriers to Entry = 184
• 9.3 Competition Between Exchanges - Regulation = 189
• 9.4 Competition Between Exchanges - Technology = 192
• 9.5 Benefits From the Competition = 193
• 9.6 Unilateral / Multilateral Harmonisation / Recognition and Competition = 195
• 9.7 Conclusion = 195
• Chapter Ten International Regulatory Coordination of Banking / George J. Benston = 197
• 10.1 Banking Has Become Increasingly International = 197
• 10.2 Reasons For Domestic and International Regulation of Banking = 198
• 10.3 Monetary (Macroeconomic) Policy = 199
• 10.4 Prevention of Financial Collapse ― System Risk = 201
• 10.5 Payments System Protection = 202
• 10.6 Safety and Soundness of Individual Banks = 203
• 10.7 Promotion of Competitive Markets of Constraints on Competition for the Benefit of Some Suppliers = 206
• 10.8 Enhancement of Consumer Welfare = 207
• 10.9 Increase in Govemment's or Govemment Officials'Revenues = 208
• 10.10 Conclusions = 208
• Discussion / AIfred Steinherr = 211