Financial Services Law

by George Walker, Robert Purves, Michael Blair QC (Other)

Overview

This new edition explains all of the substantial institutional and structural changes made under the Financial Services Act 2013 and parallel changes at European and global levels. This includes the abolition of the Financial Services Authority (FSA) and its replacement with a separate Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA), and with a new Financial Policy Committee (FPC) established within the Bank of England to manage the new 'macro-prudential' policy regime in the UK. The new edition also considers regulatory developments at regional and international level including changes to the Prospectus and Market Abuse Directives and the proposed changes to Markets in Financial Instruments Directive (MiFID) and the introduction of the Markets in Financial Instruments Regulation (MiFIR). In addition the third edition also includes a new chapter on regulation and financial disputes in the civil courts. The chapter considers the protection offered consumers under The Financial Services and Markets Act 2000 ("FSMA"). This includes dispute resolution through the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, and, in the context of an authorised firm, a statutory right to claim for breach of rules made by the regulatory authorities and for acting beyond the scope of authorisation under the Act. This new edition provides very timely analysis of the recent changes in regulatory structure and substance providing valuable insights into the way in which the regulation and rules have and will be interpreted by the various new authorities. It is a must-have reference source for all lawyers working in financial services.

Product Details

ISBN-13:	9780191508813
Publisher:	OUP Oxford
Publication date:	03/20/2014
Sold by:	Barnes & Noble
Format:	eBook
Pages:	1288
File size:	4 MB

About the Author

Professor George Walker is a Professor in International Financial Law at the Centre for Commercial Law Studies at Queen Mary University of London. He is also a solicitor and consultant to Farrer&Co. Michael Blair QC has been in self employed practice at the Bar since 2000 and was previously General Counsel to the Board of the Financial Services Authority 1997-2000. He has been a leader among the specialists in the field of financial services since he first joined the Securities and Investments Board as its legal Director in 1987. Robert Purves is a commercial lawyer at Three Verulam Buildings with strong specialism in financial services law and regulation. From April 2003, Robert was Chief Counsel, Insurance and Prudential Policy at the Financial Services Authority, the UK body responsible for the licensing, oversight and regulation of almost all financial services business in the UK.

Table of Contents

Part I - REGULATORY STRUCTURE
1. UK Financial Services Reform, George Walker
2. Statutory Framework for UK Financial Services Regulation, Paul Kennedy
3. European Financial Services, Jane Welch and Peter Parker
4. International Agreements and Supranational Bodies, Deborah Sabalot
Part II - FINANCIAL SERVICES REGULATION
5. The Prudential Regulation Authority and the Financial Conduct Authority, Robert Purves
6. The FCA Handbook and the PRA Rulebook, Robert Purves
7. Regulatory Processes - Authorisation and Supervision, Simon Gleeson
8. Individual Accountability, Peter Snowdon and Simon Lovegrove
9. Enforcement, Angela Hayes & Matthew Feehily
10. Financial Redress - Complaints, Disputes, and Compensation, Alex Kuczynski, James Darbyshire, & Casey McGrath
11. Listing and Public Offers, Julia Machin
12. Market Abuse, Andrew Tuson
13. Insider Dealing and Misleading Statements and Impressions, Andrew Tuson
14. Money Laundering and Financial Crime, Peter Snowdon & Simon Lovegrove
15. Financial Regulation in Commercial Disputes, Farhaz Khan & Jon Holland
Part III - FINANCIAL SECTORS AND ACTIVITIES
16. Banks and Banking, George Walker
17. Insurance Regulation, Noleen John, Maria Ross, and Laura Hodgson
18. Wholesale Investment Firms, Etay Katz
19. Retail Investment Firms, Gerard McMeel
20. Home Finance Transactions, Robert Purves
21. Consumer Credit, Eva Lomnicka
22. Collective Investment Schemes, Philip Hinks
23. Islamic Financial Services, Andrew Henderson

Editorial Reviews

"...Financial Services Law is the most comprehensive single text on its subject matter currently available...the book ought to serve as a model for editors and publishers in the future."

From the Publisher