Equity crowdfunding allows small‐to‐medium enterprises to raise funds from investors (usually contributing small amounts of money) through an internet platform operated by a third-party intermediary. A key advantage of the process is that it provides access to equity for companies that would...

This chapter explores the operation of the Twin Peaks model of financial regulation in the context of financial crisis management and compares the model in Australia with the model in the UK. The comparison reveals significant differences in terms of each jurisdiction’s approach to financial...

Regulatory theory since the global financial crisis (“GFC”) has emphasised the importance of systemic financial stability as a regulatory objective. This has taken the place of pre-GFC reliance on private markets as a primary mechanism to avoid systemic risk combined with a laissez faire...

The global financial crisis (GFC) revealed fundamental regulatory weaknesses in many of the world's leading financial jurisdictions. In particular, there was a lack of attention to risks of a systemic nature. Post-GFC regulatory reforms in many of these jurisdictions have sought to address this...