Regulation and the Global Financial Crisis Impact, Regulatory Responses, and Beyond Routledge Research in Finance and Banking Law Series

The Financial Crisis was a cross-sector crisis that fundamentally affected modern society. Regulation, as a concept, was both blamed for allowing the crisis to happen, but also tasked with developing and implementing solutions in the wake of the crash.

In this book, a number of specialists from a range of fields have contributed their insights into the effect of the Financial Crisis upon the regulatory frameworks affecting their fields, how regulators have responded to the Crisis, and then what this may mean for the future of regulation within those industries. These analyses are joined by a picture of past financial crises ? which reveals interesting patterns ? and then analyses of architectural regulatory models that were fundamentally affected by the Crisis. The book aims to allow sector specialists the freedom to share their insights so that, potentially, a broader picture can be identified.

Providing an interesting and thought-provoking account of this societally impactful era, this book will help the reader develop a more informed understanding of the potential future of financial regulation. The book will be of value to researchers, students, advanced level students, regulators, and policymakers.

Part 1: Structural Response 1. ‘Three Major Financial Crises: What Have We Learned?’ 2. ‘The Impact of the Global Financial Crisis upon the UK’s Regulatory Architecture’ 3. ‘Financial Crisis Management under the Twin Peaks Model of Financial Regulation: Australia and the UK Compared’ 4. 'Regulatory Capture and the Future of Financial Regulation’ Part 2: Tales from the Marketplace 5. ‘Regulating Complex Financial Products post-Crisis: Between the STS Regulation and ESMA Product Intervention Powers’ 6. ‘The Potential Impact of Digitisation upon the Regulation of Financial Markets and Products’ 7. ‘The Road to Basel III – and Beyond’ 8. ‘Credit Rating Agency Regulation Since the Financial Crisis: The Evolution of the "Regulatory Licence" Concept’ 9. ‘Enforcement Strategies in the Chinese Capital Market’ 10. 'CRD IV: The EU’s Response to Corporate Governance Failings in Credit Institutions’ 11. ‘Regulating Executive Pay in the post-Crisis Era’ 12. ‘Consumer Financial Well-being in the post-Crisis era: Financial Education on the Cross-road to Prominence’ Conclusion

Daniel Cash is Lecturer at Aston University, UK, and specialises in the regulation of the credit rating industry. He is the Director for Doctoral Studies and developed the West Midlands Legal Doctoral Network.

Robert Goddard is Senior Lecturer at Aston University, UK, specialising in corporate governance, taxation, and company law. He has been Deputy-Dean of the Law School, and leads courses on Fraud, Banking and Financial Regulation, and Taxation.