Finance : the discreet regulator: how financial activities shape and transform the world

The global financial crisis that began in the summer of 2007 has brought the financial industry to centre stage. While most current analysis focuses on theway finance can be regulated in the topical context of the economic crisis, this book aims to show how financial activities actually shape and transform the world. Highlighting that the true regulators of the economy are not only regulatory state authorities, the book demonstrates that the financial sphere really does contribute to rule-setting. It argues that actors that seem to be theobjects of regulation or intervene only at its fringe are in fact 'discreet regulators' which provide the institutional framework that fosters the creationand globalization of markets.Building on a series of case studies,. Finance: The Discreet Regulator. highlights how public authorities and private actors jointly regulate the real world, with joint regulation being dominated by a multiplicity of financial actors, and looks at a variety of key players, who takepart in the very heart of the regulatory process. INDICE: Foreword;M.Power.Introduction: Finance: The Discreet Regulator;I.Huault,E.Lazega.&.C.Richard.PART I: POLYMORPHIC ACTORS AS NETWORKS OF INFLUENCE.Financialization through Hybridisation: the Subtle Power of Financial Controlling;J.Morales. &.A.Pezet.How Big Four audit firms control standard setting inaccounting and auditing;C.Ramirez.Ambivalence and ambiguity: The interpretative role of compliance officers;M.Lenglet.Maintaining the regulative order in the credit rating agency industry;B.Taupin.PART II: MARKETS AND STATES: FORMS OF JOINT REGULATION.Banks as Masters of Debt, Cost Calculators, and Risk-sharing Mediators: A Discreet Regulatory Role in the Case of French Public-Private Partnerships;E.Penalva-Icher,C.Richard,A.Jeny-Cazavan. &.E.Lazega.Market Information as a Public Good. The Political Economy of the Revision of the Markets in Financial Instruments Directive (MiFID);P.Lagneau-Ymonet. &.A.Riva.Finance in Public Service: Discreet Joint Regulation and Institutional Capture at the Commercial Court of Paris;E.Lazega. &.L.Mounier.PART III: THE PROCESS OF RULES'PRODUCTION.How finance regulates trade union involvement in French SRI;E.Penalva-Icher.Constructing the Market for Credit Derivatives. How Major InvestmentBanks Handle Ambiguities;I.Huault. &.H.Rainelli-Weiss.Legitimizing an Ambiguous Financial Innovation: the case of Exchange Traded Funds in France;L.Deville. &.M.Oubenal.

• ISBN: 978-0-230-35579-8
• Editorial: Palgrave Macmillan
• Encuadernacion: Cartoné
• Páginas: 288
• Fecha Publicación: 14/09/2012
• Nº Volúmenes: 1
• Idioma: Desconocido