Publication:
Legal Aspects of Financial Services Regulation and the Concept of a Unified Regulator

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dc.contributor.authorMwenda, Kenneth Kaoma
dc.date.accessioned2012-06-04T13:46:32Z
dc.date.available2012-06-04T13:46:32Z
dc.date.issued2006-01-01
dc.description.abstractThis study addresses the legal and policy issues underpinning the development of, and the strengthening of the regulatory and institutional framework for unified financial services supervision. The study discusses developments in a number of jurisdictions, among them Australia, Canada, Estonia, Germany, Hungary, Ireland, Latvia, Malta, the Scandinavian countries, the United Kingdom, and the United States. Chapter 1 examines conceptual issues to be taken into account in designing a sound regulatory and institutional framework for financial services supervision. The chapter also provides a working definition of "regulation" and delves into the intricacies of designing the appropriate regulatory framework. Chapter 2 analyzes the concept of an independent financial services regulator, arguing that a unified regulator that is both independent and accountable would help promote the development of a sound financial sector. Chapter 3 discusses the concept of a unified regulator, examining the question of whether every country should adopt a model of unified financial services supervision. Chapter 4 provides country studies, addressing the efficacy of the framework for unified financial services supervision in Latvia, the United Kingdom, and the Scandinavian countries. Finally, Chapter 5 defines policy recommendations and possible constitutional, and legal challenges that might be encountered when a country is considering unifying its regulation of financial services.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/01/6739115/legal-aspects-financial-services-regulation-concept-unified-regulator
dc.identifier.doi10.1596/978-0-8213-6459-8
dc.identifier.isbn978-0-8213-6459-8
dc.identifier.urihttps://hdl.handle.net/10986/6952
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesLaw, Justice, and Development
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE LAW
dc.subjectASP
dc.subjectBANK OF ENGLAND
dc.subjectBANK OF JAMAICA
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY DIRECTIVE
dc.subjectCENTRAL BANKS
dc.subjectCIVIL CODE
dc.subjectCLEARING HOUSES
dc.subjectCOMPENSATION
dc.subjectCOMPLAINTS
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONSTITUTION
dc.subjectCONSUMER INTERESTS
dc.subjectCONTROL SYSTEMS
dc.subjectCOPYRIGHT
dc.subjectDIRECTIVES
dc.subjectDOI
dc.subjectEMERGING MARKETS
dc.subjectENFORCEMENT POWERS
dc.subjectENVIRONMENTAL IMPACT
dc.subjectFEDERAL DEPOSIT INSURANCE
dc.subjectFEDERAL DEPOSIT INSURANCE CORPORATION
dc.subjectFINANCIAL CAPACITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEMS
dc.subjectGOVERNMENT DEPARTMENT
dc.subjectGOVERNMENT POLICIES
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSURANCE
dc.subjectINTEGRATED REGULATION
dc.subjectINTERNAL CONTROL
dc.subjectINTERNAL CONTROL SYSTEMS
dc.subjectINTERNATIONAL LAW
dc.subjectINVESTMENT BANKS
dc.subjectJURISDICTIONS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PRACTITIONERS
dc.subjectLEGAL STATUS
dc.subjectLEGISLATION
dc.subjectLIABILITY
dc.subjectLICENSING
dc.subjectPENSIONS
dc.subjectPOLICY COMMITTEE
dc.subjectPOLICY OBJECTIVES
dc.subjectPRIVATE PROPERTY RIGHTS
dc.subjectPUBLIC POLICY
dc.subjectREGISTRY
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AGENCIES
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY BODIES
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY MANDATE
dc.subjectREGULATORY OBJECTIVES
dc.subjectREGULATORY REGIMES
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREGULATORY STRUCTURES
dc.subjectRESERVE BANK OF AUSTRALIA
dc.subjectRETIREMENT
dc.subjectRIGHT OF APPEAL
dc.subjectRULES
dc.subjectSAFETY
dc.subjectSUBSIDIARY
dc.subjectSYSTEMIC RISK
dc.subjectTRANSPARENCY
dc.subjectUNIVERSAL BANKING
dc.titleLegal Aspects of Financial Services Regulation and the Concept of a Unified Regulatoren
dspace.entity.typePublication
okr.date.disclosure2006-04-20
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2006/01/6739115/legal-aspects-financial-services-regulation-concept-unified-regulator
okr.globalpracticeEducation
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid739411468153873981
okr.identifier.doi10.1596/978-0-8213-6459-8
okr.identifier.externaldocumentum000012009_20060420095519
okr.identifier.internaldocumentum6739115
okr.identifier.report35919
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/04/20/000012009_20060420095519/Rendered/PDF/359190PAPER0Le1s01OFFICAL0USE0ONLY1.pdfen
okr.topicBanks and Banking Reform
okr.topicEducation::Education for the Knowledge Economy
okr.topicRegulatory Regimes
okr.topicAdministrative and Regulatory Law
okr.topicPublic Sector Regulation
okr.topicLaw and Development
okr.topicFinance and Financial Sector Development
okr.topicPublic Sector Development
okr.unitOffice of the Sr VP & Gen Counsl (LEGVP)
okr.volume1 of 1
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