Authoritative guidance for navigating inevitable financial market regulation The reform of this country's financial regulation will be one of the most significant legislative programs in a generation. Financial Regulation and The Markets: A Guide to Understanding Today's Environment outlines...

Government intervention and finance -- Bank regulation -- Bank concentration and central banks -- Universal banking, governance, and compensation -- Regulation of securities and capital markets -- Regulation and policy in the global recession

"From 1716 to 1845, the Scottish financial system functioned with no official central bank or lender of last resort, no public (or private) monopoly on currency issuance, no legal reserve requirements, and no formal limits on bank size. In support of previous research on Scottish "free banking,"...