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International Finance Regulation: The Quest for Financial Stability

ISBN: 978-1-118-82959-2
240 pages
August 2014
US $75.00 Add to Cart

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Business & Finance


June 26, 2014
Hoboken, NJ

The Quest for Financial Stability

Since World War II, financial crises have been the result of macroeconomic instability until the fatidic day of September 15, 2008 when Lehman Brothers filed for bankruptcy. The financial system had become the source of its own instability through a combination of greed, lousy underwriting, fake ratings, and regulatory negligence. From that date, governments tried to put together a new regulatory framework that would avoid using taxpayer money for bailout of banks. In an uncoordinated effort, they produced a series of vertical regulations that are disconnected from one another. That will not be sufficient to stop finance from being unstable, and the need for international and horizontal regulation is urgent.

Effective financial regulation inspires market confidence, stability, consumer protection, and a reduction in financial misconduct and crime. International finance expert Georges Ugeux explains that while individual nations have reformed domestic regulations, these combined measures are still insufficient to prevent future financial crises. His new book, International Finance Regulation: The Quest for Financial Stability, demonstrates that global financial stability is managed in a fragmented and incoherent manner, and offers a model for strategic international regulation.

Finance consistently operates within an expanding global paradigm, and an overarching regulation scheme is becoming increasingly necessary for sustainable growth. International Finance Regulation focuses on the inspirations behind regulation and examines the global risks and consequences of fragmentation. With three decades of experience in the legal and economic aspects of international business, author Georges Ugeux is uniquely positioned to provide counsel from the perspective of a top global authority.

International Finance Regulation provides recommendations and suggestions from the perspective of a leading global authority with more than 40 years’ experience in the financial arena. Ugeux offers insights into the lessons learned from the recent financial crises, and shows why the current financial laws, rules, and risks are often seemingly overbearing. In the book, he explores international regulation with topics such as:

  • Laws, regulations, and risks of overregulation
  • Transformation of the U.S. market and creation of the Eurozone
  • Development of a global framework and stability of the banking system
  • In-depth examination of Basel III, the Dodd-Frank Act, the European Banking Union, and the Volcker Rule

The book also contains case studies from real-world scenarios like Lehman, CDS, Greece, the London Whale, and Libor to illustrate the concepts presented. Finance consistently operates within an increasingly global paradigm, and an overarching regulation scheme is becoming more and more necessary for sustainable growth. Ugeux presents an argument for collaboration toward a comprehensive global regulation strategy. The proposals and recommendations outlined in International Finance Regulation offer the international financial community a new model for the transformation of our global economy.