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Transparency and Fragmentation

Financial Market Regulation in a Dynamic Environment

  • Book
  • © 2002

Overview

Authors:
  1. John Board
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  2. Charles Sutcliffe
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  3. Stephen Wells
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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Executive Summary and Policy Implications

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 1-4

  3. Introduction and Overview

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 5-32

  4. The Recognised Investment Exchanges

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 33-50

  5. Fragmentation and Consolidation

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 51-100

  6. Evidence on Trading Mechanisms

    • Owain ap Gwilym
    Pages 101-140

  7. Policy Responses to Fragmentation

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 141-178

  8. Theory and Results on Transparency

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 179-206

  9. The Regulation of Transparency

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 207-239

  10. Over the Counter (OTC) Markets

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 240-253

  11. A New Regulatory Framework

    • John Board, Charles Sutcliffe, Stephen Wells
    Pages 254-261

  12. The Evolving Regulation of Financial Networks

    • James J. Angel
    Pages 262-278

  13. Back Matter

    Pages 279-303
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Keywords

About this book

This is the first major treatment of the effects of increased transparency on financial markets: an important and highly controversial issue for both traders and regulators. Focussing on three main themes - market transparency, the consolidation-fragmentation of trading systems, and the scope of regulation (i.e. which markets, and which traders within those markets, should be subject to regulation), the book highlights the importance of these issues to all markets throughout the world. The book draws on research from eight UK based investment exchanges, Deutsche Borse in Frankfurt and documentary evidence from the US markets and their regulators enabling the identification and documentation of the current situation and consideration of what fresh regulatory approaches are required for this new and fast evolving situation.

About the authors

JOHN BOARD is Reader in Accounting and Finance at the London School of Economics and a member of the Financial Markets Group.

CHARLES SUTCLIFFE is Professor of Finance and Accounting at the University of Southampton.

STEPHEN WELLS is a Researcher at the Financial Markets Group of the London School of Economics. He was formerly chief economist of the London Stock Exchange.

Bibliographic Information

  • Book Title: Transparency and Fragmentation

  • Book Subtitle: Financial Market Regulation in a Dynamic Environment

  • Authors: John Board, Charles Sutcliffe, Stephen Wells

  • DOI: https://doi.org/10.1057/9781403907073

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Business & Management Collection, Business and Management (R0)

  • Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2002

  • Hardcover ISBN: 978-0-333-98634-9Published: 16 July 2002

  • Softcover ISBN: 978-1-349-43098-7Published: 01 January 2002

  • eBook ISBN: 978-1-4039-0707-3Published: 16 July 2002

  • Edition Number: 1

  • Number of Pages: XVI, 303

  • Topics: Management, Business Finance, Finance, general

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