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: | School of Business, Economics & Informatics > Economics, Mathematics and Statistics |
| Research Centres and Institutes: | Applied Macroeconomics, Birkbeck Centre for, Innovation Management Research, Birkbeck Centre for |
| Depositing User: | Administrator |
| Date Deposited: | 30 Apr 2013 11:14 |
| Last Modified: | 14 Feb 2021 05:10 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/6532 |
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