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The law and the risks of stability and integrity for financial institutions

Mario Serio (University of Palermo, Palermo, Italy)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 19 July 2011

Abstract

Purpose

There are ever growing relations and mutual influences between law and global economic context: so, there arises the need for them to be investigated in a legal perspective, which is the aim of this paper.

Design/methodology/approach

The method used tries to combine the empirical observation of the legal and economic reality in today's world and a few essential theoretical foundations such as the freedom to dispose of one's rights by wave of contractual instrument.

Findings

The dramatic crisis that the global world has had to face over the past few years compels legal scholars to revisiting process of traditional categories in order to adapt them to society's changing problems.

Research limitations/implications

Future research should take into account the impact that legal phenomenons may have on the economic structure of a global society and adopt a more practical approach.

Practical implications

A transnational approach to the tackling of global problems should be taken by lawyers and governments so that a new trend is pursued in terms of the harmonization of national solutions to problems that are spread over the world.

Social implications

If a transnational approach is actually part of a renewed analysis all national communities should benefit as their problems would be perceived not as theoretical puzzles but as matters deeply related to the conditions of their everyday lives.

Originality/value

A message is being sent to legal circles for a change of attitude and to governments for the strengthening of their cooperation with a view to fully shared legal instruments to be recognized well beyond national boards.

Keywords

Citation

Serio, M. (2011), "The law and the risks of stability and integrity for financial institutions", Journal of Financial Crime, Vol. 18 No. 3, pp. 277-281. https://doi.org/10.1108/13590791111147497

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited