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Title:Does Britain Need the FSA?
Series:(Hobart Paper Series)
Author:Philip Booth & Terry Arthur
ISBN:0255365934 : 9780255365932
Format:Paperback
Size:130x200mm
Published:Institute of Economic Affairs - June 2009
Availability:Not yet published
Subjects:ECONOMICS


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. Private stock exchanges can provide regulation at less cost and less intrusively than the FSA.