Includes bibliographical references (pages 765-768) and index.

Part I. Financial Systems and Regulation -- The evolution of theory and method in law and finance / Simon Deakin -- Economic development, financial systems, and the law / Colin Mayer -- Financial systems, crises, and regulation / Frank Partnoy -- Part II. The Organization of Financial System Regulation -- Institutional design: the choices for national systems / Eilis Ferran -- Institutional design: the international architecture / Christopher Brummer and Matt Smallcomb -- Organizing regional systems: the EU example / Brigitte Haar -- Organizing regional systems: the US example / Eric J. Pan -- Part III. Delivering Outcomes and Regulatory Techniques -- Regulatory styles and supervisory strategies / Julia Black -- The role of gatekeepers / Jennifer Payne -- Enforcement and sanctioning / Iain MacNeil -- Part IV. Financial Stability -- Systemic risk and macro-prudential supervision / Rosa M. Lastra -- The role of capital in supporting financial stability / Kern Alexander -- Managing risk in the financial system / Peter O. Mülbert -- Regulating the insurance sector / Michelle Everson -- Making bank resolution credible / John Armour -- Cross-border supervision of financial institutions / Douglas W. Arner -- Part V. Market Efficiency, Transparency, and Integrity -- Disclosure and financial market regulation / Luca Enriques and Sergio Gilotta -- Conduct of business regulation / Andrew F. Tuch -- Regulating financial market infrastructures / Guido Ferrarini and Paolo Saguato -- Regulating trading practices / Andreas Martin Fleckner -- Supporting market integrity / Harry McVea -- Regulating financial innovation / Emilios Avgouleas -- Part VI. Consumer Protection -- The consumer interest and the financial markets / Dimity Kingsford Smith and Olivia Dixon -- Regulating the retail markets / Niamh Moloney.

This book examines the major themes associated with financial regulation as well as the range of policy design innovations and scholarly perspectives that have influenced it. It considers the ramifications of the 2008 financial crisis for financial regulation and fundamental questions as to the role of the state in the financial system. The book is organized into six parts. Part I looks at the relationship between the financial system and regulation, focusing on themes such as the evolution of theory and method in law and finance and the relationship between economic development, financial systems, and law. Part II analyses the organization of financial regulation from institutional and system-based perspectives, with particular emphasis on the European Union and the United States. Part III describes how financial regulation seeks to achieve particular outcomes using a number of particular regulatory and supervisory strategies as well as market-based institutions and mechanisms. Parts IV to VI deal with the three major recurring objectives of financial regulation over the past three or four decades and which remain widely used as the primary organizational tools of financial regulation scholarship and policy: financial stability; market efficiency, integrity, and transparency; and consumer protection