Financial Innovation and Regulation: The Case of Securitisation
University of Melbourne - Melbourne Law School
Journal of Banking and Finance Law and Practice, Vol. 4, No. 3, 1993
Because financial innovation has both social and economic benefits it is necessary to understand the factors which facilitate or impede financial innovation. In this article the author explores the role which legal regulation plays in financial innovation by using the example of securitisation. By reviewing the history of securitisation in Australia, it is demonstrated that legal regulation has both hindered and promoted financial innovation.
Number of Pages in PDF File: 6Accepted Paper Series
Date posted: September 8, 2006 ; Last revised: February 19, 2011
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