Finance: The Discreet Regulator

1. Front Matter

   Pages i-xv

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2. Introduction: The Discreet Regulator

   1. Introduction: The Discreet Regulator

      • Isabelle Huault, Emmanuel Lazega, Chrystelle Richard

      Pages 1-16

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3. Polymorphic Actors as Networks of Influence

   1. Front Matter

      Pages 17-17

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   2. Financialization through Hybridization: The Subtle Power of Financial Controlling

      • Jérémy Morales, Anne Pezet

      Pages 19-39

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   3. How Big Four Audit Firms Control Standard-Setting in Accounting and Auditing

      • Carlos Ramirez

      Pages 40-58

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   4. Ambivalence and Ambiguity: The Interpretive Role of Compliance Officers

      • Marc Lenglet

      Pages 59-84

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   5. Perpetuating the Regulatory Order in the Credit Rating Industry

      • Benjamin Taupin

      Pages 85-109

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4. Markets and States: Forms of Joint Regulation

   1. Front Matter

      Pages 111-111

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   2. Banks as Masters of Debt, Cost Calculators and Risk-Sharing Mediators: A Discreet Regulatory Role Observed in French Public–Private Partnerships

      • Elise Penalva-Icher, Chrystelle Richard, Anne Jeny-Cazavan, Emmanuel Lazega

      Pages 113-133

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   3. Market Information as a Public Good: The Political Economy of the Revision of the Markets in Financial Instruments Directive (MiFID)

      • Paul Lagneau-Ymonet, Angelo Riva

      Pages 134-163

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   4. Finance in Public Service: Discreet Joint Regulation as Institutional Capture at the Paris Commercial Court

      • Emmanuel Lazega, Lise Mounier

      Pages 164-189

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5. The Process of Rule Production

   1. Front Matter

      Pages 191-191

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   2. How Finance Regulates Trade Union Involvement in French SRI

      • Elise Penalva-Icher

      Pages 193-211

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   3. Legitimizing an Ambiguous Financial Innovation: The Case of Exchange-Traded Funds in France

      • Laurent Deville, Mohamed Oubenal

      Pages 212-232

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   4. Constructing the Market for Credit Derivatives: How Major Investment Banks Handle Ambiguities

      • Isabelle Huault, Hélène Rainelli-Weiss

      Pages 233-260

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6. Back Matter

   Pages 261-272

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The financial sector is the talk of the global village. This book highlights that, before asserting that the institutions of the financial sector deserve to be regulated, one should consider that these very institutions are themselves the discreet regulators of the markets where their activity takes place.

• accounting
• compliance
• controlling
• Credit Derivatives
• derivatives
• economy
• Exchange Traded Funds
• innovation
• Investment
• rating
• trade
• investments and securities

LAURENT DEVILLE EDHEC Business School, France ISABELLE HUAULT Paris Dauphine University and DRM Management Research Center, France ANNE JENY-CAZAVAN ESSEC Business School, Paris, France PAUL LAGNEAU-YMONET Paris Dauphine University, France EMMANUEL LAZEGA Paris Dauphine University and a member of IRISSO-CNRS, France MARC LENGLET European Business School Paris, France JEREMY MORALES ESCP-Europe LISE MOUNIER Centre Maurice Halbwachs (CNRS), France MOHAMED OUBENAL Paris Dauphine University, France ELISE PENALVA-ICHER Paris Dauphine University and member of IRISSO Social Sciences Research Center, France ANNE PEZET HEC-Montréal, Canada MICHAEL POWER Centre for the Analysis of Risk and Regulation (CARR) at the London School of Economics, UK HELENE RAINELLI-WEISS Sorbonne Graduate Business School, France CARLOS RAMIREZ HEC Paris, France Chrystelle RICHARD ESSEC Business School, France ANGELO RIVA European Business School Benjamin TAUPIN Pôle Universitaire Léonard de Vinci and Dauphine Recherches en Management (DRM), France

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