Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator
This study addresses the legal and policy issues underpinning the development of, and the strengthening of the regulatory and institutional framework for unified financial services supervision. The study discusses developments in a number of jurisd...
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| Autor principal: | |
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| Formato: | Online |
| Idioma: | inglês en_US |
| Publicado em: |
Washington, DC: World Bank
2012
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| Assuntos: | |
| Acesso em linha: | http://documents.worldbank.org/curated/en/2006/01/6739115/legal-aspects-financial-services-regulation-concept-unified-regulator https://hdl.handle.net/10986/6952 https://doi.org/10.1596/978-0-8213-6459-8 |
| _version_ | 1866368144465985536 |
|---|---|
| author | Mwenda, Kenneth Kaoma |
| author_facet | Mwenda, Kenneth Kaoma |
| author_sort | Mwenda, Kenneth Kaoma |
| collection | Colección Libros - Series (activas) |
| description | This study addresses the legal and
policy issues underpinning the development of, and the
strengthening of the regulatory and institutional framework
for unified financial services supervision. The study
discusses developments in a number of jurisdictions, among
them Australia, Canada, Estonia, Germany, Hungary, Ireland,
Latvia, Malta, the Scandinavian countries, the United
Kingdom, and the United States. Chapter 1 examines
conceptual issues to be taken into account in designing a
sound regulatory and institutional framework for financial
services supervision. The chapter also provides a working
definition of "regulation" and delves into the
intricacies of designing the appropriate regulatory
framework. Chapter 2 analyzes the concept of an independent
financial services regulator, arguing that a unified
regulator that is both independent and accountable would
help promote the development of a sound financial sector.
Chapter 3 discusses the concept of a unified regulator,
examining the question of whether every country should adopt
a model of unified financial services supervision. Chapter 4
provides country studies, addressing the efficacy of the
framework for unified financial services supervision in
Latvia, the United Kingdom, and the Scandinavian countries.
Finally, Chapter 5 defines policy recommendations and
possible constitutional, and legal challenges that might be
encountered when a country is considering unifying its
regulation of financial services. |
| format | Online |
| id | wb-10986-6952 |
| institution | Banco Mundial |
| language | English en_US |
| publishDate | 2012 |
| publisher | Washington, DC: World Bank |
| record_format | dspace |
| spelling | wb-10986-69522025-04-16T05:51:43Z Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator Mwenda, Kenneth Kaoma ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE LAW ASP BANK OF ENGLAND BANK OF JAMAICA BANKING SECTOR BANKING SUPERVISION BANKS CAPITAL ADEQUACY CAPITAL ADEQUACY DIRECTIVE CENTRAL BANKS CIVIL CODE CLEARING HOUSES COMPENSATION COMPLAINTS CONSOLIDATED SUPERVISION CONSTITUTION CONSUMER INTERESTS CONTROL SYSTEMS COPYRIGHT DIRECTIVES DOI EMERGING MARKETS ENFORCEMENT POWERS ENVIRONMENTAL IMPACT FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FINANCIAL CAPACITY FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SERVICES FINANCIAL SYSTEMS GOVERNMENT DEPARTMENT GOVERNMENT POLICIES INFORMATION TECHNOLOGY INSURANCE INTEGRATED REGULATION INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNATIONAL LAW INVESTMENT BANKS JURISDICTIONS LEGAL FRAMEWORK LEGAL PRACTITIONERS LEGAL STATUS LEGISLATION LIABILITY LICENSING PENSIONS POLICY COMMITTEE POLICY OBJECTIVES PRIVATE PROPERTY RIGHTS PUBLIC POLICY REGISTRY REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY BODIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MANDATE REGULATORY OBJECTIVES REGULATORY REGIMES REGULATORY REQUIREMENTS REGULATORY STRUCTURES RESERVE BANK OF AUSTRALIA RETIREMENT RIGHT OF APPEAL RULES SAFETY SUBSIDIARY SYSTEMIC RISK TRANSPARENCY UNIVERSAL BANKING This study addresses the legal and policy issues underpinning the development of, and the strengthening of the regulatory and institutional framework for unified financial services supervision. The study discusses developments in a number of jurisdictions, among them Australia, Canada, Estonia, Germany, Hungary, Ireland, Latvia, Malta, the Scandinavian countries, the United Kingdom, and the United States. Chapter 1 examines conceptual issues to be taken into account in designing a sound regulatory and institutional framework for financial services supervision. The chapter also provides a working definition of "regulation" and delves into the intricacies of designing the appropriate regulatory framework. Chapter 2 analyzes the concept of an independent financial services regulator, arguing that a unified regulator that is both independent and accountable would help promote the development of a sound financial sector. Chapter 3 discusses the concept of a unified regulator, examining the question of whether every country should adopt a model of unified financial services supervision. Chapter 4 provides country studies, addressing the efficacy of the framework for unified financial services supervision in Latvia, the United Kingdom, and the Scandinavian countries. Finally, Chapter 5 defines policy recommendations and possible constitutional, and legal challenges that might be encountered when a country is considering unifying its regulation of financial services. 2012-06-04T13:46:32Z 2012-06-04T13:46:32Z 2006-01-01 http://documents.worldbank.org/curated/en/2006/01/6739115/legal-aspects-financial-services-regulation-concept-unified-regulator 978-0-8213-6459-8 https://hdl.handle.net/10986/6952 https://doi.org/10.1596/978-0-8213-6459-8 English en_US Law, Justice, and Development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain Washington, DC: World Bank |
| spellingShingle | ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE LAW ASP BANK OF ENGLAND BANK OF JAMAICA BANKING SECTOR BANKING SUPERVISION BANKS CAPITAL ADEQUACY CAPITAL ADEQUACY DIRECTIVE CENTRAL BANKS CIVIL CODE CLEARING HOUSES COMPENSATION COMPLAINTS CONSOLIDATED SUPERVISION CONSTITUTION CONSUMER INTERESTS CONTROL SYSTEMS COPYRIGHT DIRECTIVES DOI EMERGING MARKETS ENFORCEMENT POWERS ENVIRONMENTAL IMPACT FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FINANCIAL CAPACITY FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SERVICES FINANCIAL SYSTEMS GOVERNMENT DEPARTMENT GOVERNMENT POLICIES INFORMATION TECHNOLOGY INSURANCE INTEGRATED REGULATION INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNATIONAL LAW INVESTMENT BANKS JURISDICTIONS LEGAL FRAMEWORK LEGAL PRACTITIONERS LEGAL STATUS LEGISLATION LIABILITY LICENSING PENSIONS POLICY COMMITTEE POLICY OBJECTIVES PRIVATE PROPERTY RIGHTS PUBLIC POLICY REGISTRY REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY BODIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MANDATE REGULATORY OBJECTIVES REGULATORY REGIMES REGULATORY REQUIREMENTS REGULATORY STRUCTURES RESERVE BANK OF AUSTRALIA RETIREMENT RIGHT OF APPEAL RULES SAFETY SUBSIDIARY SYSTEMIC RISK TRANSPARENCY UNIVERSAL BANKING Mwenda, Kenneth Kaoma Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator |
| title | Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator |
| title_full | Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator |
| title_fullStr | Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator |
| title_full_unstemmed | Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator |
| title_short | Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator |
| title_sort | legal aspects of financial services regulation and the concept of a unified regulator |
| topic | ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE LAW ASP BANK OF ENGLAND BANK OF JAMAICA BANKING SECTOR BANKING SUPERVISION BANKS CAPITAL ADEQUACY CAPITAL ADEQUACY DIRECTIVE CENTRAL BANKS CIVIL CODE CLEARING HOUSES COMPENSATION COMPLAINTS CONSOLIDATED SUPERVISION CONSTITUTION CONSUMER INTERESTS CONTROL SYSTEMS COPYRIGHT DIRECTIVES DOI EMERGING MARKETS ENFORCEMENT POWERS ENVIRONMENTAL IMPACT FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FINANCIAL CAPACITY FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SERVICES FINANCIAL SYSTEMS GOVERNMENT DEPARTMENT GOVERNMENT POLICIES INFORMATION TECHNOLOGY INSURANCE INTEGRATED REGULATION INTERNAL CONTROL INTERNAL CONTROL SYSTEMS INTERNATIONAL LAW INVESTMENT BANKS JURISDICTIONS LEGAL FRAMEWORK LEGAL PRACTITIONERS LEGAL STATUS LEGISLATION LIABILITY LICENSING PENSIONS POLICY COMMITTEE POLICY OBJECTIVES PRIVATE PROPERTY RIGHTS PUBLIC POLICY REGISTRY REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY BODIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY MANDATE REGULATORY OBJECTIVES REGULATORY REGIMES REGULATORY REQUIREMENTS REGULATORY STRUCTURES RESERVE BANK OF AUSTRALIA RETIREMENT RIGHT OF APPEAL RULES SAFETY SUBSIDIARY SYSTEMIC RISK TRANSPARENCY UNIVERSAL BANKING |
| url | http://documents.worldbank.org/curated/en/2006/01/6739115/legal-aspects-financial-services-regulation-concept-unified-regulator https://hdl.handle.net/10986/6952 https://doi.org/10.1596/978-0-8213-6459-8 |
| work_keys_str_mv | AT mwendakennethkaoma legalaspectsoffinancialservicesregulationandtheconceptofaunifiedregulator |