A critical examination of the legislative response in banking and financial regulation to issues related to misconduct in the context of the crisis of 2007‐2009

Abstract

Purpose

The purpose of this paper is to summarise and critically assess the legislative response in banking and securities regulation to the determinants of the financial crisis.

Design/methodology/approach

The paper identifies these determinants and evaluates different categories of regulatory response, drawing from the United Kingdom, United States, European Union and international approaches.

Findings

The crisis had both economic and financial causes. The responses have been quick, original in part, and complex. Issues are still emerging from the collapse which are yet to be fully addressed.

Research limitations/implications

This is a transition period between the crisis and the establishment of the regulatory regimes that will follow it. Conclusions drawn at this point are therefore tentative.

Originality/value

The paper brings together several sources of legislative response, and is therefore of value as a discussion point.

Citation

Baber, G. (2013), "A critical examination of the legislative response in banking and financial regulation to issues related to misconduct in the context of the crisis of 2007‐2009", Journal of Financial Crime, Vol. 20 No. 2, pp. 237-252. https://doi.org/10.1108/13590791311322391