Financial Conglomerates and the Chinese Wall: Regulating Conflicts of Interest b

Description: Financial Conglomerates and the Chinese Wall by Harry McVea Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Focusing on a regulatory mechanism called the Chinese Wall, this book examines ways in which regulators can ensure that regulations imposed are sufficiently strong to eradicate abuses, while also allowing the benefits of conglomeration to be secured. Publisher Description The growth of financial conglomerates, offering a range of services hitherto unprecedented, has caused problems for regulators. While conglomerates bring with them many economic benefits (diversification of risk, economies of scope, etc), they also impose costs (systemic risk and conflict of interest abuses). This book explores ways in which regulators can ensure that the regulation imposed is sufficiently strong to eradicate these abuses, but at the same timesufficiently flexible to allow the benefits of conglomeration to be secured. The Chinese WallDSa regulatory mechanism aimed at stemming the flow of information from one department ina firm to another, and reconciling conflicts of interest more generallyDSis singled out for special treatment. The legal position of the device, which has become all the more important in the wake of the recent Law Commission inquiry into the relationship between the Financial Services Act 1986 (and the rules made under it) and the general law, is considered in detail. The author argues that an effective Chinese Wall will, in most cases, be legally sufficient to absolve a firm from potentialliability at general law, but that there are situations where Chinese Walls are not satisfactory. Here the conglomerate will have to suffer the commercial disadvantages of being a fiduciary by adoptinga different, albeit more restrictive, regulatory option. Author Biography Harry McVea studied law at Queens University, Belfast, and law and economics at Heriot-Watt University, Edinburgh. He was appointed Lecturer at the University in Bristol in 1989, and became Senior Lecturer in 2004. Harry teaches company law, contract, corporate securities regulation, and crime. Peter Cumper has taught in the Law Department at the University of Leicester since 1997. He has also lectured at the University of Hull (1987-89), William Mitchell College of Law, Minnesota, USA (1994), and at Nottingham Trent University (1989-1997). His main research interests are in the areas of Details ISBN 0198257139 ISBN-13 9780198257134 Title Financial Conglomerates and the Chinese Wall Author Harry McVea Format Hardcover Year 1993 Pages 302 Publisher Oxford University Press GE_Item_ID:137032637; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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