The Law and Regulation of Finance

In-depth, practical and up-to-date, The Law and Regulation of Finance provides a comprehensive account of the law of finance. Covering every major financial market, including foreign exchange, stock-lending and repos, this book provides a uniquely in-depth overview of derivatives and securities regulation. The new edition explains the EU and UK regulatory systems, including the changes made to the UK financial regulatory system by the Financial Services Act 2012 and the Banking Act 2009. It also considers each of the principal financial markets, their standard market documentation, and the way in which the law and regulation applies to them. New to the 2nd edition: A full analysis of the regulatory changes in the UK: the new Financial Conduct Authority and Prudential Regulatory Authority, and the Financial Policy Committee Analysis of the Financial Services (Banking Reform) Bill 2013 A full analysis of EU developments, especially the Larosiere Report; the introduction of the regulation of derivatives, and the changes effected by EMIR and MIFIR; the Alternative Investment Fund Managers Directive The litigation and criminal prosecutions stemming from the financial crisis; and a full analysis of the various strains of litigation which have resulted from the crisis and its aftermath Approximately 100 new cases analysed Increased coverage of the interpretation of contracts and insolvency law