The Future of Law and Finance after the Financial Crisis: New Perspectives on Regulation and Corporate Governance for Banks

25 Pages Posted: 20 Oct 2011

See all articles by Dirk Heremans

Dirk Heremans

KU Leuven - Center for Economic Studies

Katrien Bosquet

KU Leuven - Faculty of Business and Economics (FEB)

Date Written: April 28, 2011

Abstract

In tribute to the lifetime achievements of Dr. Thomas S. Ulen, this Article addresses the topic of the future of law and finance within the broader context of the future of law and economics. After highlighting some of the differences between the U.S. and European approaches to law and finance, it focuses on specific law and finance issues that were involved in the financial crisis (including the regulation of financial institutions) and draws some tentative lessons for the future development of new research paradigms in law and finance. Finally, this Article advocates a more risk-based approach of corporate governance for banks as well as the need for specific corporate governance models. Far from having a declining impact on legal reforms and scholarship, the impact of law and finance is on the rise.

Keywords: Law and finance, corporate governance, banks

JEL Classification: G01, G21, G34, G38

Suggested Citation

Heremans, Dirk and Bosquet, Katrien, The Future of Law and Finance after the Financial Crisis: New Perspectives on Regulation and Corporate Governance for Banks (April 28, 2011). University of Illinois Law Review, Vol. 2011, No. 5, Available at SSRN: https://ssrn.com/abstract=1946174

Dirk Heremans

KU Leuven - Center for Economic Studies ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Katrien Bosquet (Contact Author)

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

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