Financial Regulation: Law and Policy, Chapter 1.1 - Finance Today
Financial Regulation: Law and Policy, Foundation Press, May 2016
U of Michigan Law & Econ Research Paper No. 16-014
U of Michigan Public Law Research Paper No. 507
30 Pages Posted: 15 May 2016 Last revised: 23 Jun 2016
Date Written: May 3, 2016
Financial Regulation: Law and Policy is a new textbook that aims to teach students about today's financial sector with a modular, accessible, balanced, practical, and ready-to-use approach. Our goal is to give students the tools to understand how American history and political economy have shaped the regulatory perimeter, how different policy choices have been made at different times across different parts of the financial sector, and how these choices matter a great deal in shaping not only financial stability, but also how the financial sector supports the economy and society. The textbook includes chapters on Insured Depository Institutions, Insurance, Securities Firms and Capital Markets, Consumer Protection and the CFPB, Financial Conglomerates, Payment Systems, Corporate Governance, Lender of Last Resort and Resolution, Mutual Funds and Other Investment Vehicles, Derivatives and Rate Markets, and Shadow Banking.
The textbook comes with a teacher's manual that explores key themes, suggests a range of teaching approaches, answers questions posed in the textbook, and includes class slides for each chapter. This download contains the summary table of contents and Chapter 1.1: Finance Today.
Keywords: financial regulation, finance, financial services, Dodd-Frank Act, banking, insurance, securities, capital markets, consumer protection, systemically important financial institutions, payment systems, mutual funds, derivatives, shadow banking
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