Regulating (From) The Inside: The Legal Framework For Internal Control In Banks And Financial Institutions

Description

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. This 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 Proposes An Alternative Strategy To Enhance The ‘governance’ Effectiveness Of Internal Control.

Author Biography

Iris H-Y Chiu is Professor of Corporate Law and Financial Regulation at University College London, UK.