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    Labour's record on financial regulation

    Daripa, Arup and Kapur, Sandeep and Wright, Stephen (2013) Labour's record on financial regulation. Working Paper. Birkbeck College, University of London, London, UK.

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    Abstract

    In 1997 the new Labour government launched major initiatives in the area of financial regulation, setting up the Financial Services Authority as a comprehensive regulatory body, supported by the legislative framework of the Financial Services and Markets Act 2000. We evaluate the Labour government’s record on financial regulation in terms of its achievements and failures, especially in dealing with the global financial crisis that started in 2007. While we identify some clear flaws in regulatory design and enforcement, our evaluation highlights some inherent difficulties of financial regulation.

    Metadata

    Item Type: Monograph (Working Paper)
    Keyword(s) / Subject(s): Financial Regulation, New Labour, Financial Crisis
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 30 Apr 2013 11:14
    Last Modified: 07 Dec 2016 14:53
    URI: http://eprints.bbk.ac.uk/id/eprint/6532

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