EconPapers    
Economics at your fingertips  
 

Risk, Regulation, and Investor Protection: The Case of Investment Management

Julian Franks and Colin Mayer ()
Additional contact information
Julian Franks: London Business School

in OUP Catalogue from Oxford University Press

Abstract: This unique and authoritative study of the investment management business focuses on the use of capital requirements for investment managers as a means of investor protection. Commissioned by the Investment Management Regulatory Organization and drawing on extensive discussions with investment managers themselves, it provides an account of this burgeoning sector that is both comprehensive in its coverage and penetrating in its analysis. The authors review the way in which the investment management business is organized and its inherent risks; they examine the causes and incidence of market failures as well as the dangers to investors through mismanagement and malpractice. The book includes an extensive treatment of fraud, with a full listing of fraud cases in the UK since the early 1970s. The report concludes with a summary of the evidence on the nature and scale of the risks faced by investors and recommendations for appropriate forms of protection; and, on the basis of existing regulatory structures in the UK and USA, sets out a proposed structure in accordance with the thrust of the authors' analysis. While specific in its coverage, much of the argument presented here is closely applicable to other financial sectors in which regulation is a crucial issue; and it is especially pertinent to current debates on financial regulation in the run-up to the completion of the European internal market in 1992.

Date: 1990
ISBN: 9780198233152
References: Add references at CitEc
Citations Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:oxp:obooks:9780198233152

Ordering information: This item can be ordered from
http://ukcatalogue.o ... uct/9780198233152.do

Access Statistics for this book

More books in OUP Catalogue from Oxford University Press
Series data maintained by Economics Book Marketing ().

 
Page updated 2014-12-16
Handle: RePEc:oxp:obooks:9780198233152