Capital requirements and investor protection: an international perspective

Mayer, Colin and Franks, Julian (1990) Capital requirements and investor protection: an international perspective. National Westminster Bank Quarterly Review, 7 (5). pp. 69-85.

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The authors argue against the need for capital adequacy requirements in the regulation of investment management because the main cause of failure is fraud or irregular dealing. The European Commission, in its investment services directive, has various aims but its detailed suggestions will not achieve them. The liberal US regulations seem to be the most appropriate but the EC proposals for stricter capital requirements will be pushing the UK system in the wrong direction.

Item Type: Article
Keywords: Regulation; Financial institutions; Capital Investment; finance
Subject(s): Finance
Date Deposited: 11 Feb 2012 18:39
Last Modified: 27 Feb 2017 15:14
Funders: N/A

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