Regulating (From) the Inside: The Legal Framework for Internal Control in Banks and Financial Institutions

Regulating (From) the Inside: The Legal Framework for Internal Control in Banks and Financial Institutions
Regulating (From) the Inside: The Legal Framework for Internal Control in Banks and Financial Institutions
Chiu, I H-Y
9781509920099
30/01/2018
£32.99
Pb
Hart Publishing

This book examines a key aspect of the post-financial crisis reform package in the EU and UK – the ratcheting up of internal control in banks and financial institutions.

The legal framework for internal controls is an important part of prudential regulation, and internal control also constitutes a form of internal gate-keeping for financial firms so that compliance with laws and regulations can be secured.

This book argues that the legal framework for internal control, which is a form of meta-regulation, is susceptible to weaknesses, and such weaknesses are critically examined by adopting an interdisciplinary approach. The book discusses whether post-crisis reforms adequately address the weaknesses in regulating internal control and proposes an alternative strategy to enhance the ‘governance’ effectiveness of internal control.

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