The regulatory practice of the French financial regulator, 2006-2011. From substantive to procedural financial regulationReportar como inadecuado




The regulatory practice of the French financial regulator, 2006-2011. From substantive to procedural financial regulation - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

1 IRISSO-UMR 7170 - Institut de Recherche Interdisciplinaire en Sciences Sociales 2 GREDEG - Groupe de Recherche en Droit, Economie et Gestion

Abstract : Fraud and misconduct in financial markets have recently become a key regulatory issue against the backdrop of the financial crisis. This paper investigates the sanctions policy and practices of the French financial regulator, Autorité des Marchés Financiers AMF. It argues that, over time, the AMF has shifted from substantive to procedural regulation of finance. This shift consists in departing from sanctions based on observed outcomes in the market and, instead, assessing how the internal organizational schemes of financial firms actually perform. The AMF-s new policy and practice involves a process of legalization of organizations; it also evidences a tendency to delegate regulation to financial firms themselves

Keywords : substantive regulation Financial market procedural deterrence legalization of organization





Autor: Thierry Kirat - Frédéric Marty -

Fuente: https://hal.archives-ouvertes.fr/



DESCARGAR PDF




Documentos relacionados