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    Labour's record on financial regulation

    Kapur, Sandeep and Daripa, Arup and Wright, Stephen (2013) Labour's record on financial regulation. Oxford Review of Economic Policy 29 (1), pp. 71-94. ISSN 1460-2121.

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    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.


    Item Type: Article
    Keyword(s) / Subject(s): financial regulation, New Labour, financial crisis
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Applied Macroeconomics, Birkbeck Centre for, Innovation Management Research, Birkbeck Centre for
    Depositing User: Sarah Hall
    Date Deposited: 15 Apr 2014 08:13
    Last Modified: 02 Aug 2023 17:10


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