Regulating (From) the Inside
Author | : Iris H-Y Chiu |
Publisher | : Bloomsbury Publishing |
Total Pages | : 413 |
Release | : 2015-11-05 |
ISBN-10 | : 9781509901395 |
ISBN-13 | : 1509901396 |
Rating | : 4/5 (95 Downloads) |
Download or read book Regulating (From) the Inside written by Iris H-Y Chiu and published by Bloomsbury Publishing. This book was released on 2015-11-05 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines a key aspect of the post-financial crisis reform package in the EU and UK-the ratcheting up of internal control in banks and financial institutions. The legal framework for internal controls is an important part of prudential regulation, and internal control also constitutes a form of internal gate-keeping for financial firms so that compliance with laws and regulations can be secured. This book argues that the legal framework for internal control, which is a form of meta-regulation, is susceptible to weaknesses, and such weaknesses are critically examined by adopting an interdisciplinary approach. The book discusses whether post-crisis reforms adequately address the weaknesses in regulating internal control and proposes an alternative strategy to enhance the 'governance' effectiveness of internal control.