Abstract
Many of the papers at this conference focus on regulation and its impact on the structure of the financial system. The objective of this paper is to offer a discussion of some of these, and related, issues from the perspective of the United Kingdom, where the structure and content of regulation is in many important respects in stark contrast to that of the United States. A British perspective on financial regulation might be particularly interesting, given the historical differences in the regulatory regimes in the United Kingdom and the United States as well as the changes occurring in the structure and approach to regulation in the United Kingdom.
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References
Llewellyn, D.T. “Universal Banking: A British Perspective.” In A. Saunders and I. Walters, eds., Universal Banking: Financial Systems Design Reconsidered. New York: Irwin, 1996.
Llewellyn, D.T. A Paradigm for Assessing the Effectiveness of Financial Regulation. Loughborough University, mimeo, 1999.
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Llewellyn, D.T. Financial Regulation: A Perspective from the United Kingdom. Journal of Financial Services Research 16, 309–317 (1999). https://doi.org/10.1023/A:1008161029885
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DOI: https://doi.org/10.1023/A:1008161029885