Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and comprehensive fashion. The book’s approach is distinctive in...

The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets. Prompting a fundamental reconsideration of the design of financial regulation, the financial system has become ever-more complex and interconnected, and the pace of evolution...

The issue of whether and how to regulate short selling has been an issue that has vexed regulators for some time. While there are a number of potentially damaging consequences that are said to stem from short selling, there is also evidence that it can have beneficial effects on financial...

The purpose of this paper is to examine the difficulties that arise with intermediated shareholdings in the UK regarding the right to vote. In the UK, the registered owner of the shares (the intermediary) has all of the powers and privileges attaching to those shares as against the company that...

The growth of intermediation in the holding of securities creates challenges for jurisdictions as often the body of law dealing with transferable securities continues to operate on the basis of the direct holding paradigm, and therefore fails to take full account of the changes that...