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Niamh Moloney - The Oxford Handbook of Financial Regulation

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Niamh Moloney The Oxford Handbook of Financial Regulation

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THE OXFORD HANDBOOK OF
FINANCIAL REGULATION

The Oxford Handbook of Financial Regulation - image 1

Great Clarendon Street, Oxford, OX2 6DP, United Kingdom

Oxford University Press is a department of the University of Oxford. It furthers the Universitys objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries

The several contributors 2015

The moral rights of the authors have been asserted

First Edition published in 2015

Impression: 1

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, by licence or under terms agreed with the appropriate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above

You must not circulate this work in any other form and you must impose this same condition on any acquirer

Crown copyright material is reproduced under Class Licence Number C01P0000148 with the permission of OPSI and the Queens Printer for Scotland

Published in the United States of America by Oxford University Press

198 Madison Avenue, New York, NY 10016, United States of America

British Library Cataloguing in Publication Data

Data available

Library of Congress Control Number: 2015934487

ISBN 9780199687206

eISBN 9780191510878

Links to third party websites are provided by Oxford in good faith and for information only. Oxford disclaims any responsibility for the materials contained in any third party website referenced in this work.

TABLE OF CONTENTS

SIMON DEAKIN

COLIN MAYER

FRANK PARTNOY

EILS FERRAN

CHRIS BRUMMER AND MATT SMALLCOMB

BRIGITTE HAAR

ERIC J PAN

JULIA BLACK

JENNIFER PAYNE

IAIN MACNEIL

ROSA M LASTRA

KERN ALEXANDER

PETER O MLBERT

MICHELLE EVERSON

JOHN ARMOUR

DOUGLAS W ARNER

LUCA ENRIQUES AND SERGIO GILOTTA

ANDREW F TUCH

GUIDO FERRARINI AND PAOLO SAGUATO

ANDREAS MARTIN FLECKNER

HARRY MCVEA

EMILIOS AVGOULEAS

DIMITY KINGSFORD SMITH AND OLIVIA DIXON

NIAMH MOLONEY

ABIAssociation of British Insurers
ABSsasset-backed securities
AIGAmerican International Group
APRAAustralian Prudential Regulation Authority
ASICAustralian Securities and Investments Commission
ATSsalternative trading systems
BaFinBundesaufsichtsamt fr das Finanzwesen
BAVBundesaufsichtsamt fr das Versicherungswesen
BCBSBasel Committee on Banking Supervision
BEMbook-entry money
BHCABank Holding Company Act
BISBank for International Settlements
BoEBank of England
BRRDBank Recovery and Resolution Directive
BTSsBinding Technical Standards
CAsclearing agencies
CBRAConduct of Business Regulatory Agency
CCARComprehensive Capital Analysis and Review
CCBcountercyclical capital buffer
CCPcentral counterparty
CDOscollateralized debt obligations
CDSscredit default swaps
CEACommodity Exchange Act
CEBSCommittee of European Banking Supervisors
CEIOPSCommittee of European Insurance and Occupational Pensions Supervisors
CEPRCentre for Economic Policy Research
CESRCommittee of European Securities Regulators
CFPBConsumer Financial Protection Bureau
CFRCode of Federal Regulations
CFTCCommodity Futures Trading Commission
CJEUCourt of Justice of the European Union
COBconduct of business
CoCoscontingent convertible instruments
CoPoDconditional probabilities of distress
CPSSCommittee on Payment and Settlement Systems
CRAscredit rating agencies
CRDCapital Requirements Directive
CROschief risk officers
CRRCapital Requirements Regulation
CRTcredit risk transfer
CSDscentral securities depositories
CVARcointegrated vector autoregression
DCMDesignated Contract Market
DCOsDerivatives Clearing Organizations
DGIdata gap initiative
DoJDepartment of Justice
DSBDispute Settlement Body
DSIBsdomestic systemically important banks
DSMDispute Settlement Mechanism
EACHEuropean Association of CCP Clearing Houses
EBAEuropean Banking Authority
EBCEuropean Banking Committee
EBUEuropean Banking Union
ECBEuropean Central Bank
ECMHefficient capital market hypothesis
ECtHREuropean Court of Human Rights
EIOPAEuropean Insurance and Occupational Pensions Authority
EIOPCEuropean Insurance and Occupational Pensions Committee
EMIREuropean Market Infrastructure Regulation
ESAsEuropean Supervisory Authorities
ESCEuropean Securities Committee
ESFSEuropean System of Financial Supervision
ESMEuropean Stability Mechanism
ESMAEuropean Securities and Markets Authority
ESRBEuropean Systemic Risk Board
ETFsexchange-traded funds
EUEuropean Union
FATFinancial Activities Tax
FATFFinancial Action Task Force
FCAFinancial Conduct Authority
FDICFederal Deposit Insurance Corporation
FFIECFederal Financial Institutions Examination Council
FINRAFinancial Industry Regulatory Authority
FMIsfinancial market infrastructures
FPCFinancial Policy Committee
FSAFinancial Services Authority
FSAPFinancial Sector Assessment Program/Financial Services Action Plan
FSBFinancial Stability Board
FSCFinancial Stability Contribution
FSCSFinancial Services Compensation Scheme
FSFFinancial Stability Forum
FSMA 2000Financial Services and Markets Act 2000
FSOCFinancial Stability Oversight Council
G20Group of 20
GATSGeneral Agreement on Trade in Services
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