For academics and graduate students in financial regulation and finance and economics, as well as regulators and policy makers, Alexander (law and finance, U. of Zurich, Switzerland) and
Moloney (London School of Economics and Political Science, UK) assemble 10 essays based on sessions held in 2009 at the W.G. Hart Legal Workshop at the Institute of Advanced Legal Studies, U.
of London, UK. Economics, law, governance, and other researchers from Europe consider how law reform can support strong financial markets, especially in the context of the recent financial
crisis. They examine the main weaknesses in the public and private law frameworks for controlling excessive financial risk-taking, as well as the areas of law reform that are necessary to build
a more efficient financial system with enhanced social welfare. They address design issues raised by financial regulation, including principles-based regulation and the need for more democratic
accountability; short sale regulation, the structured product market, capital market law reform and securities fraud in China, cross-border shareholder voting, and the Dodd-Frank Act 2010;
consumer and depositor protection, including consumer credit regulation and the Crown Dependency jurisdictions; and the systemic stability risks that have dominated law reform discussions,
including reforms adopted by the US Congress to enhance the Federal Reserve's ability to provide liquidity to financial institutions during crises and issues raised by reform in the context of
the European Union sovereign debt markets. Annotation 穢2012 Book News, Inc., Portland, OR (booknews.com)
