The Promise and Perils of Convergence in Financial Regulation and Consumer Protection (La promesse et les périls de la convergence en matière de réglementation financière et de protection des consommateurs Regulating Stock Markets and Information Uncertainty: A Matter of Regulatory Style and Structure? Réglementer les boursiers et l’incertitude de l’information: une question de style et de structure de réglementation?)

Nova Publishers, 2016

Posted: 6 Nov 2018 Last revised: 8 Nov 2018

See all articles by Marianne Ojo D Delaney PhD

Marianne Ojo D Delaney PhD

American Accounting Association; Centre for Innovation and Sustainable Development (CISD); Centre for Innovation and Sustainable Development (CISD)

Date Written: November 13, 2015

Abstract

English Abstract: As well as identifying, analyzing and evaluating the advantages of regulating both securities investments and consumer financial instruments through entities such as the United Kingdom’s Financial Conduct Authority, or through specialized agencies such as the United States Securities and Exchange Commission and the Consumer Financial Protection Bureau, this paper also considers significant regional and global developments which prompted the introduction of a single financial services regulator in the UK.

In addition to evaluating whether the Financial Conduct Authority’s regulatory structure confers upon it greater advantages or disadvantages when compared to its counterparts, the United States Securities and Exchange Commission and the Consumer Financial Protection Bureau, the paper also highlights how it can consolidate on the initiatives of its predecessor, the Financial Services Authority.

French Abstract: En plus d'identifier, d'analyser et d'évaluer les avantages de la réglementation des placements en valeurs mobilières et des instruments financiers destinés aux consommateurs par le biais d'entités telles que la Financial Conduct Authority du Royaume-Uni ou d'agences spécialisées telles que la Securities and Exchange Commission des États-Unis et le Consumer Financial Protection Bureau, ce document examine également les évolutions régionales et mondiales significatives qui ont conduit à la création d'un organisme unique de réglementation des services financiers au Royaume-Uni. Outre la question de savoir si la structure réglementaire de la Financial Conduct Authority lui confère des avantages ou des inconvénients plus importants par rapport à ses homologues, la Securities and Exchange Commission des États-Unis et le Consumer Financial Protection Bureau, le document souligne également la manière dont elle peut consolider les initiatives de son prédécesseur, la Financial Services Authority.

Mots-clés: risques systémiques, supervision de services unifiés, valeurs mobilières, réglementation financière, stabilité financière, protection des consommateurs, protection des investisseurs, législation bancaire, directives en matière d'investissement, réglementation en matière d'assurance, transparence, asymétries d'information, loi Dodd Frank

Keywords: systemic risks, unified services supervision, securities, financial regulation, financial stability, consumer protection, investor protection, banking legislation, investment directives, insurance regulation, transparency, information asymmetries, Dodd Frank Act

Suggested Citation

Ojo D Delaney PhD, Marianne, The Promise and Perils of Convergence in Financial Regulation and Consumer Protection (La promesse et les périls de la convergence en matière de réglementation financière et de protection des consommateurs Regulating Stock Markets and Information Uncertainty: A Matter of Regulatory Style and Structure? Réglementer les boursiers et l’incertitude de l’information: une question de style et de structure de réglementation?) (November 13, 2015). Nova Publishers, 2016, Available at SSRN: https://ssrn.com/abstract=3276879

Marianne Ojo D Delaney PhD (Contact Author)

American Accounting Association ( email )

5717 Bessie Drive
Sarasota, FL 34233-2399
United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

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