Financial Regulation: What Should Be Done?
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Authors
Issue Date
2007-12-28
Type
Article
Language
Keywords
Finance , Financial analysis , Financial debt , Financial modeling methodology
Alternative Title
Abstract
Description
The world's financial industry has been undergoing a series of dynamic transitions for at least the past two decades. Change factors include technology, globalization, nearly universal acceptance of capitalism, the ending of trade barriers, and the strategic decision by financial service companies (FSCs) to pursue apparent opportunities outside of traditional lines of business. The situation is complicated by varying approaches to regulation used in the leading economies, varying from functional regulation in the U.S. to consolidated regulation in the U.K. and Japan. This article briefly reviews the current state of financial regulation, concluding with specific comments on the successes and failures of each approach in the context of the 2007 credit crisis and the impact on future M&A activity.
Citation
Sagner, J. S. (2007, December 28). Financial Regulation: What Should Be Done?. Journal of Corporate Accounting & Finance, 19(2), 25-31. doi:
10.1002/jcaf.20369.
Publisher
John Wiley & Sons, Inc.