Financial Services Regulation & Supervision (the future): Transparency Analytics and Big Data
One little point here I just simply refuse to refer publications by the “big four” or “big six” or whatever they call themselves today (anymore) they have lost all credibility in my view & are continuing to dig themselves into an ever deeper hole alongside the ratings agencies; irrelevant un-trusted dinosaurs. The lawyers seem to have this topic by the throat & are way ahead of the consultants.
While I am on this critique type rant – I do ask of the European Commission (Internal Markets) please stop publishing 400 page documents in this area and communicate with your citizens and stakeholders it would be a small step in the right direction.
There is sufficient material here, I think to give a flavour of thinking about the future in this space and establish a foundation for you to do your own exploration of the topic. Anyways here are some interesting references;-
The Future of United States Securities Regulation: An Essay on Regulation in an Age of Technological Uncertainty Joseph A. Grundfest
Henry T. C. Hu University of Texas Law School, Texas Bernard Black University of Texas Law School and McCombs School of Business, Texas
Regulating Complex Derivatives: Can the opaque be made transparent? M A H Dempster Centre for Financial Research, University of Cambridge & Cambridge Systems Associates Limited
Regulating New Banking Models that can Bring Financial Services to All Claire Alexandre, Ignacio Mas and Dan Radcliffe (Bill & Melinda Gates Foundation) August 2010
Debating responsible innovation in finance: viewpoints and commentaries Alexandre Pointier, Stéphane Delacôte, Yamina Tadjeddine, Marc Lenglet, Fabian Muniesa & Annalivia Lacoste
TRANSPARENCY AND CONTRARIAN EXPERTS IN FINANCIAL REGULATION: A BRIEF RESPONSE TO PROFESSOR BRADLEY DANIEL SCHWARCZ
A Regulatory Framework for Managing Systemic Risk Steven L. Schwarcz
Crisis and crash: lessons for regulation Speech given by Michael Cohrs, Member of the Financial Policy Committee, Bank of England At a gathering jointly hosted by the Bank’s Agency for Scotland and Scottish Financial Enterprise 23 March 2012