Regulating (From) The Inside: The Legal Framework For Internal Control In Banks And Financial Institutions

This book examines a key aspect of the post-financial crisis reform package in the EU and UK-the ratcheting up of internal control in banks and financial institutions. The legal framework for internal controls is an important part of prudential regulation, and internal control also constitutes a form of internal gate-keeping for financial firms so that compliance with laws and regulations can be secured. This book argues that the legal framework for internal control, which is a form of meta-regulation, is susceptible to weaknesses, and such weaknesses are critically examined by adopting an interdisciplinary approach. The book discusses whether post-crisis reforms adequately address the weaknesses in regulating internal control and proposes an alternative strategy to enhance the 'governance' effectiveness of internal control.

• | Author: Iris H-Y Chiu
• | Publisher: Hart Publishing
• | Publication Date: Jan 25, 2018
• | Number of Pages: 360 pages
• | Language: English
• | Binding: Paperback/Law
• | ISBN-10: 1509920099
• | ISBN-13: 9781509920099