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Approaches to financial regulation in view of the crisis: Report about the 34th meeting of the German Comparative Law Society

Alexander Stöhr (Department of Commercial, Business and Labour Law, University of Marburg, Marburg, Germany)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 9 February 2015

Abstract

Purpose

Financial crises pose a challenge to the legal systems of the concerned countries and international organizations. The current crisis has exposed significant failures of regulation and supervision, making the Financial Market Law a key topic on the political agenda. Thus, great changes and challenges are ahead of us. These were the focus of an interdisciplinary and comparative conference held at the University of Marburg. The paper deals with the individual presentations and carries out an overall analysis.

Design/methodology/approach

The paper covers the most important issues in financial regulation.

Findings

An extensive regulation is confronted with several obstacles; suitable approach could be the co-regulation; desirable aim is the instauration of the mechanism of capital markets. Those who gain the benefits in case of success should also bear the losses in case of failure instead of being rescued at taxpayers’ expense.

Originality/value

The difficulties arising from extensive regulation suggest a more liberal approach to financial regulation.

Keywords

Citation

Stöhr, A. (2015), "Approaches to financial regulation in view of the crisis: Report about the 34th meeting of the German Comparative Law Society", Journal of Financial Regulation and Compliance, Vol. 23 No. 1, pp. 73-83. https://doi.org/10.1108/JFRC-03-2014-0017

Publisher

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Emerald Group Publishing Limited

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