Underlying Values and Consequences in Financial Services

The freeing of financial markets has brought with it increasing sophistication in regulatory regimes. Over time, a succession of frauds and financial scandals has emphasised some limitations of these complex regulatory schemes. This paper seeks to address the reasons for the events that have caused...

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Bibliographic Details
Authors: Donaldson, John (Author) ; Fafaliou, Irene (Author)
Format: Electronic Article
Language:English
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Published: Proquest 2003
In: International journal of value-based management
Year: 2003, Volume: 16, Issue: 3, Pages: 265-280
Further subjects:B financial regulation
B business values
B stakeholders' expectations
Online Access: Volltext (lizenzpflichtig)
Description
Summary:The freeing of financial markets has brought with it increasing sophistication in regulatory regimes. Over time, a succession of frauds and financial scandals has emphasised some limitations of these complex regulatory schemes. This paper seeks to address the reasons for the events that have caused concern, and suggests that they are to be found principally in three categories: (1) the underlying values that drive financial services; (2) the assumptions and values of regulatory regimes, and (3) the increased opportunities to break or evade the rules. Some possible ways forward are sketched.
ISSN:1572-8528
Contains:Enthalten in: International journal of value-based management
Persistent identifiers:DOI: 10.1023/A:1025818025937