Does Britain Need a Financial Regulator?

Does Britain Need a Financial Regulator?It is difficult to imagine financial markets without a state regulator. But it was not so long ago that financial markets in Britain developed their own regulation, without government intervention. This monograph examines the economic case for a statutory regulator of investment transactions and finds it wanting.

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As governments and individuals struggle with growing indebtedness

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The author concludes that a strong partnership is needed among all social