Does Britain Need a Financial Regulator? by Philip Booth (9780255365932)

Description - Does Britain Need a Financial Regulator? by Philip Booth

It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial markets in Britain developed their own regulation, without government intervention. This monograph examines the economic case for a statutory regulator of investment transactions and finds it wanting. Private stock exchanges can provide regulation at less cost and less intrusively than the FSA.

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