You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
This book examines policy developments that have been occurring in the field of financial regulation and their implications for the insurance industry and markets. With UK and US contributors from academia and legal practice, this book will be essential reading for policy-makers, insurance regulators, insurance and legal professionals as well as students and academics researching and studying insurance law.
This open access book provides a comprehensive overview of the vulnerabilities of central banks’ financial accounts and the implications for central bank capital and risk management in turbulent times. By combining the perspectives of academics, risk managers and policy makers, it sheds light on the complex challenges facing central banks and offers key insights into safeguarding the stability of financial systems in an uncertain future. In an era of heightened uncertainty, central banks face unprecedented risks. Following consecutive crises, they have expanded their monetary policy toolkit through quantitative easing and credit extension, which has bloated their balance sheets and exposed them to substantial risks. Moreover, central banks are confronting novel challenges like climate change and nature loss, which threaten their objectives of price stability and financial stability. At the same time, central banks find themselves in a precarious position, as they raise interest rates to combat inflation, generating financial losses on their asset portfolios. These losses threaten to erode their capitalization, a cornerstone of central bank independence and credibility.
This book examines the evolving landscape of payment and settlement systems amid rapid technological advancements and new market entrants, emphasising the critical role of robust legal frameworks in fostering stability, efficiency, and financial inclusion. It will be of interest to researchers of digital law and financial and banking law.
Macroprudential policy focuses on the financial system as a whole, as distinct from individual institutions, and its objective is to limit the costs to the real economy from system-wide distress of the financial sector. This book helps readers discover and decipher the multi-faceted and fascinating area of macroprudential policy through taking a theoretical, interdisciplinary and legal-focused approach.
The topic of the financial industry, from both practical and regulatory perspectives, has been widely debated since the Global Financial Crisis of 2007-2008, but the discussion is mostly framed within a Western context. However, China now boasts one of the largest and most dynamic financial systems in the world and has three of the largest global stock markets as well as the gigantic commercial banks such as the ICBC and the Bank of China. It is actively opening its financial markets by reforming its securities law and introducing stock connect schemes with exchanges in the UK and Switzerland and also has the most advanced Fintech and mobile payment sector. China's central bank digital curre...
Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.
None