Responsibilities of Financial Regulation

  • Dimitris N. Chorafas
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


The incarnation of the concept of market regulation first saw the day in ancient Athens, when the city-state appointed a regulator of the grain trade. In more recent times, regulatory rules imposed against deception and price manipulation were first put forward in the late seventeenth and early eighteenth centuries. Compared with these efforts, the need for a broader perspective on bank regulation is a relatively recent concept. To operate effectively and within reasonable limits, markets need clear and explicit rules, which include:
  • Legally binding and enforced contracts,

  • Protection of each party’s proprietary and trading rights,

  • A system of traffic lights all players must observe, and

  • Corrective action for those who get out of line.


Central Bank Hedge Fund European Central Bank Capital Adequacy Supervisory Authority 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    Merrill Lynch, Bear Stearns, January 2008.Google Scholar
  2. 6.
    D.N. Chorafas Reliable Financial Reporting and Internal Control: A Global Implementation Guide. Wiley, New York, 2000.Google Scholar
  3. 8.
    Merrill Lynch, Investment Strategy Update, 22 January 2008.Google Scholar
  4. 10.
    George Soros, Soros on Soros: Staying Ahead of the Curve. Wiley, New York, 1995.Google Scholar
  5. 12.
    Bernard M. Baruch, Baruch: My Own Story. Holt, New York, 1957.Google Scholar
  6. 13.
    Merrill Lynch, European Banks, 29 October 2007.Google Scholar

Copyright information

© Dimitris N. Chorafas 2009

Authors and Affiliations

  • Dimitris N. Chorafas
    • 1
  1. 1.New York Academy of SciencesUSA

Personalised recommendations