and conduct regulation. A new Directive, UCITS IV, has only just been enacted, and already new challenges are emerging in … the regulation of hedge and venture capital funds, the review of the regulatory regime for depositaries (or financial …

The conventional view of regulation is that it exists to constrain corporate activity that harms the public. But amid … about the incentives that shape it. Like the market for regulation by government, asset manager regulation is responsive to … financial incentives. In particular, asset managers will only supply regulation if it has a positive impact on their profits …

Questions about Government regulation and agency issues are inherent in political economy as both relate to the …