The Law and Structure of the International Financial System

Download or read book The Law and Structure of the International Financial System written by John H. Friedland and published by Bloomsbury Publishing USA. This book was released on 1994-04-21 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The major themes of financial regulation in the U.S., the EEC, and Japan are discussed in four interwoven, but independent, essays. The central focus is the protection of the financial system by insuring prudential rules against systemic risks, particularly through promoting capital adequacy by international and national agreement and with due consideration to the distinction between the banking and securities business. The work concludes with the assertion that international harmonization of regulation is necessary for the long-run efficiency of financial markets.