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The most comprehensive single-volume practitioner reference work on financial regulation, Financial Services Law has been thoroughly revised and updated to take account of the major developments in a rapidly developing regulatory landscape.
The updated text analyses all of the substantial institutional and structural changes brought, or to be brought, into effect under the additional new key statutes adopted in the financial area including specifically the Financial Services (Banking Reform) Act 2013 and the Bank of England and Financial Services Act 2016. The major new regulatory initiatives are covered in detail, including the Senior Managers Regime (SMR) and Certification Regime (CR).There is also coverage of new individual statutory offences, bank ring-fencing, depositor preference, bail-in stabilization and crisis management, resolution planning, payment system reform, and further Bank of England governance and PRA reform.
Since the last edition there have been many developments at European level and the fourth edition takes full account of these including the Capital Requirements Directive IV, Solvency II, and MiFID II. At domestic level the division of the FSA Handbook of Rules into the PRA Rulebook and the FCA Handbook has been covered in two new chapters. There are also new chapters on 'Individual Accountability and Liability' following commencement of the Senior Managers and Certification Regimes, and on 'Consumer Credit' following the transfer of regulatory responsibility for this to the FCA. Additionally, the material on enforcement has been significantly developed in this new edition. Financial Services Law is the leading work on financial regulation for practitioners and scholars requiring a holistic treatment of the regime in the EU and UK.
List of contents
- Part I - REGULATORY STRUCTURE
- 1: George Walker: UK Financial Services Reform
- 2: Paul Kennedy: Statutory Framework for UK Financial Services Regulation
- 3: Jane Welch and Peter Parker: European Financial Services
- 4: Deborah Sabalot: International Agreements and Supranational Bodies
- Part II - FINANCIAL SERVICES REGULATION
- 5: Robert Purves: The Prudential Regulation Authority and the Financial Conduct Authority
- 6: Robert Purves: The FCA Handbook and the PRA Rulebook
- 7: Simon Gleeson: Regulatory Processes - Authorisation and Supervision
- 8: Peter Snowdon and Simon Lovegrove: Individual Accountability
- 9: Angela Hayes and Matthew Feehily: Enforcement
- 10: Alex Kuczynski, James Darbyshire, and Casey McGrath: Financial Redress - Complaints, Disputes, and Compensation
- 11: Julia Machin: Listing and Public Offers
- 12: Andrew Tuson: Market Abuse
- 13: Andrew Tuson: Insider Dealing and Misleading Statements and Impressions
- 14: Peter Snowdon and Simon Lovegrove: Money Laundering and Financial Crime
- 15: Farhaz Khan and Jon Holland: Financial Regulation in Commercial Disputes
- Part III - FINANCIAL SECTORS AND ACTIVITIES
- 16: George Walker: Banks and Banking
- 17: Noleen John, Maria Ross, and Laura Hodgson: Insurance Regulation
- 18: Etay Katz: Wholesale Investment Firms
- 19: Gerard McMeel: Retail Investment Firms
- 20: Robert Purves: Home Finance Transactions
- 21: Eva Lomnicka: Consumer Credit
- 22: Philip Hinks: Collective Investment Schemes
- 23: Andrew Henderson: Islamic Financial Services
About the author
Professor George Walker is Professor of 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.
Robert Purves is a commercial lawyer at Three Verulam Buildings. Robert began his legal career as an Attorney and then Solicitor, transferring to the Bar in 2007. From April 2003, Robert was Chief Counsel, Insurance and Prudential Policy at the Financial Services Authority.
Michael Blair QC (consultant editor) is a barrister at 3 Verulam Buildings and a specialist on financial services and financial services regulation. He joined 3VB in 2000 after serving as General Counsel to the Board of the (then) Financial Services Authority from 1998-2000.
Summary
The most comprehensive single-volume practitioner work on financial regulation, the fourth edition of Financial Services Law includes new chapters on individual liability, consumer credit and enforcement, and covers all of the key developments including CRD IV, Solvency II and MiFID II.
