Financial Stability and Prudential Regulation: A Comparative Approach to the UK, US, Canada, Australia and Germany (Routledge Research in Finance and Banking Law)

It is a fact that our everyday lives are determined more than we may realise by the financial stability of the country in which we reside.The effectiveness of the regulation which aims to maintain this stability is therefore fundamental to each and every one of us.The 2007-09 financial crisis highlighted the practical difficulties that governments face in their attempts to regulate and police the global financial companies that are fundamental to our modern economies. This book scrutinises the financial regulations that were in place in each financial centre prior to and during the crisis and compares the effectiveness of the differing regulatory models.The post-crisis regulatory changes that are moulding the new regulatory models in each area are well detailed and assayed as to their effectiveness to date in their aim of macro and micro economic financial stability and resilience. The new twin peaks model in the UK is given close examination, particularly regarding prosecutions to date, as its effectiveness is largely determined by the publicity of these prosecutions.I found the depth of research very impressive with comprehensive referencing in each section and conclusions made only after all available evidence is considered. The monographic style of the book, as opposed to a traditional textbook style, made the reading experience as pleasurable as possible. I am of the opinion therefore that this book will be of interest and benefit to scholars from a wide range of disciplines.Five stars.

good book, solid research on comparative regulatory architectures. ..although its conclusions are not precisely new or groundbreaking.