Redrawing the regulatory map: A proposal for reform
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 January 1997
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
:MCB UP Ltd
Copyright © 1997, MCB UP Limited