Global Financial Regulation: An Opinionated Guide

The Global Financial Crisis was a shock to the shadowy world of financial regulation.Since then, the system has been fundamentally overhauled, tightening up regulations that were far too lax and making financial institutions safer.But the system is now over-complex, and the US, in particular, is pushing back to set a new balance.Howard Davies, one of the world’s leading experts on financial regulation, provides a clear and authoritative guide to this messy system, assesses what works and what doesn’t, and lays out a programme of change for the next decade. As Davies explains, regulation is never a finished product.Transformed after 2008, it has had to adapt further to tackle new issues, including cryptocurrencies, the blockchain revolution, climate change, and artificial intelligence.Davies describes how the different pieces of the new regulatory jigsaw fit together, using his years of work in finance and regulation to provide crucial insights into the motivations of lawmakers and mark