Subjects:

Banking and Finance

Contents:

Preface

George Walker & Michael Blair: Introduction

PART I: FINANCIAL SERVICES AND MARKETS

1 George Walker: Financial Services Authority

2 Paul Kennedy: Financial Services and Markets Act

PART II: FSA HANDBOOK

3 Paul Kennedy: FSA Handbook and High Level Standards

4 Margaret Chamberlain: Regulatory Processes - Authorisation, Supervision, Enforcement

5 Alex Kuczynski: Financial Redress - Disputes, Compensation and Complaints

6 Jonathan Melrose: Market Abuse

7 Jonathan Melrose: Insider Dealing, Misleading Statements and Practices and Other Offences

8 Jonathan Herbst & Peter Snowdon: Money Laundering and Financial Crime

PART III: FINANCIAL SECTORS

9 Paul Sharma: Financial Regulation - The Integrated Prudential Sourcebook (PRU)

10 Martin Hughes & Etay Katz: Securities Firms - Wholesale Sector

11 Andrew Long: Investment Firms - Retail Sector

12 George Walker: Banks & Banking

13 Michael Blair: Mortgage Regulation

14 Nick Paul: Insurance Companies and Insurance Sales

15 Eva Lomnicka: Collective Investment Schemes

PART IV: PUBLIC OFFERS

16 Richard Brearley: Listing and Public Offers

PART V: EUROPEAN AND CROSS-BORDER ISSUES

17 Jane Welch: European Financial Services

18 Deborah Sabalot: International Agreements and Supranational Bodies in Banking and Financial Services

Financial Services Law provides a long awaited detailed analysis of the regime under FSMA and subordinate legislation and the FSA handbook and rules. This book reflects the regime as it has matured and developed over the years since 2001. Many developments have occurred since the inception of the regime, two of the largest changes being the regulation of mortgage and insurance products for the first time. Full consideration is given of these new areas.

Enforcement and disputes are now also growing issues as a result of regulated bodies falling foul of the rules. The chapter on enforcement also includes a section on supervision setting out the FSA's powers on the investigation of wrong doing. There is also a chapter on financial redress covering disputes, compensation and complaints.

In addition to topical coverage of EC Directives (such as MAD and MiFID) other influences external to the UK are included. There is a chapter on Europe covering progress and process from Maastricht to Lamfalussy and the impact of EU processes on UK law. The final chapter looks at global developments in this area including the work of a number of bodies relevant to this area (WTO, IOSCO, IAIS, FATF etc).