Labour's Record on Financial Regulation
Arup Daripa (),
Sandeep Kapur and
Stephen Wright ()
No 1301, Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics
In 1997 the new Labour government launched major initiatives in the area of financial regulation, setting up the Financial Services Authority as a comprehensive regulatory body, supported by the legislative framework of the Financial Services and Markets Act 2000. We evaluate the Labour government’s record on financial regulation in terms of its achievements and failures, especially in dealing with the global financial crisis that started in 2007. While we identify some clear flaws in regulatory design and enforcement, our evaluation highlights some inherent difficulties of financial regulation.
Keywords: Financial Regulation; New Labour; Financial Crisis (search for similar items in EconPapers)
JEL-codes: G01 G2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba and nep-pke
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://eprints.bbk.ac.uk/id/eprint/6532 First version, 2013 (application/pdf)
Journal Article: Labour’s record on financial regulation (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bbk:bbkefp:1301
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics Malet Street, London WC1E 7HX, UK.
Bibliographic data for series maintained by ().