Regulating (From) the Inside

The Legal Framework for Internal Control in Banks and Financial Institutions

By Iris H-Y Chiu

This book examines a key aspect of the post-financial crisis reform package in the EU and UK; the ratcheting up of internal control in banks and financial institutions. The legal framework for internal controls is an important part of prudential regulation, and internal control also constitutes a form of internal gate-keeping for financial firms so that compliance with laws and regulations can be secured. The book argues that the legal framework for internal control, which is a form of meta-regulation, is susceptible to weaknesses, and such weaknesses are critically examined by adopting an interdisciplinary approach. The book discusses whether post-crisis reforms adequately address the weaknesses in regulating internal control, and it proposes an alternative strategy to enhance the 'governance' effectiveness of internal control. [Subject: European Law, Banking Law, Finance Law]


Publication Date: 11/19/2015
Format: Cloth
ISBN: 9781849465250