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Full-Text Articles in Law
A Preliminary Look At State Structures For Regulating Financial Services, Elizabeth F. Brown
A Preliminary Look At State Structures For Regulating Financial Services, Elizabeth F. Brown
Elizabeth F Brown
Within the past thirty-five years approximately fifty nations have consolidated their financial regulatory agencies into either a single integrated agency or into two semi-integrated agencies. The United States has resisted this trend, due in part to a concern that the costs of such significant consolidation would exceed its benefits. The existing studies that compare the costs of the consolidated regulators around the world with the United States regime have often been discounted because they have been unable to control for differences in culture and regulatory intensity between those other countries and the United States. This article attempts to address this …
The Market For Subprime Lending: A Law And Economics Analysis Of Market Failures And Policy Responses, Diego Valiante
The Market For Subprime Lending: A Law And Economics Analysis Of Market Failures And Policy Responses, Diego Valiante
Diego Valiante
Subprime mortgages represent a relevant wealth accumulation tool for low-income borrowers, and may promote efficient social policies. However, as recently brought to attention by the financial crisis, origination and distribution services are affected by strong information asymmetries and cognitive biases (rational and irrational). The failure of the subprime mortgages market was triggered by a mixture of irrational and opportunistic behaviours, as well as a lack of regulation, supervision and efficient disclosure. This paper, therefore, sheds lights on four areas of this market, highlighting causes and proposing remedies to structural failures. Therefore, the paper discusses: the financial architecture of the subprime …
Il Diritto Di Recesso Nella Commercializzazione A Distanza Di Servizi Finanziari, Valerio Sangiovanni
Il Diritto Di Recesso Nella Commercializzazione A Distanza Di Servizi Finanziari, Valerio Sangiovanni
Valerio Sangiovanni
No abstract provided.
La Nullità Del Contratto Nella Commercializzazione A Distanza Di Servizi Finanziari, Valerio Sangiovanni
La Nullità Del Contratto Nella Commercializzazione A Distanza Di Servizi Finanziari, Valerio Sangiovanni
Valerio Sangiovanni
No abstract provided.
L'Informazione Del Consumatore Nella Commercializzazione A Distanza Di Servizi Finanziari, Valerio Sangiovanni
L'Informazione Del Consumatore Nella Commercializzazione A Distanza Di Servizi Finanziari, Valerio Sangiovanni
Valerio Sangiovanni
No abstract provided.
E Pluribus Unum -- Out Of Many, One: Why The United States Needs A Single Financial Services Agency, Elizabeth F. Brown
E Pluribus Unum -- Out Of Many, One: Why The United States Needs A Single Financial Services Agency, Elizabeth F. Brown
Elizabeth F Brown
The United States needs to consolidate the over 115 existing state and federal agencies that regulate banking, securities and insurance firms and their products and services into a single, federal financial services agency; a U.S. Financial Services Agency (“US FSA”). The US FSA would be able to more effectively regulate the U.S. financial services industry than the existing regulatory regime. The current U.S. financial regulatory regime suffers from a range of problems, including an inability to anticipate and plan for future financial crises, an inability by regulators to quickly adapt to market innovations and developments, inconsistent regulations for financial products …