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Redrawing the regulatory map: A proposal for reform

Dr Michael Taylor (Responsible for setting up the Masters programme in Financial Services Regulation at London Guildhall University)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 January 1997

166

Abstract

In this paper Dr Taylor outlines his proposals for a radical shake‐up of the UK's system for regulating financial services. Market developments over the last decade mean that the existing boundaries between regulators, which are based on the traditional distinctions between banking, securities, and insurance business, are no longer appropriate. Instead, the regulatory system needs to be configured around two government Commissions, pursuing the objectives of financial stability and consumer protection respectively.

Citation

Taylor, M. (1997), "Redrawing the regulatory map: A proposal for reform", Journal of Financial Regulation and Compliance, Vol. 5 No. 1, pp. 49-58. https://doi.org/10.1108/eb024904

Publisher

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MCB UP Ltd

Copyright © 1997, MCB UP Limited

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