Special Report: Financial Services Law & Regulation

LONDON, March 9, 2010 - The legacy of the global crisis that first shook the financial markets 18 months ago is set to change the future landscape of financial services regulation. Special Report: Financial Services Law and Regulation, a new publication from LexisNexis Butterworths, written by members of Outer Temple Chambers' specialist Financial Services Group, is the only publication of its kind dealing at length with the issues arising from the financial crisis. These include domestic regulation, EC law, market abuse, financial crime, mis-selling of financial products and dispute resolution and litigation.

Contributing writers include Richard Lissack QC and Michael Bowes QC.

Richard Lissack, QC said: "The crisis that engulfed the world will change the financial and fiscal landscape for generations. This provided the impetus for a deep review of the very essence of our approach to regulation and formed the premise for this book.

"The Conservative Party has led proposals for major institutional reform of financial services regulation in the UK, including disbanding the FSA, as a response to the perceived failures of the regulatory system arising out of the banking crisis. However, if and when they get into power, the legal and regulatory landscape may have moved on.

"In particular, the EC is currently moving ahead with major reform of the regulatory architecture that will fundamentally alter the way financial services markets are regulated in Member States (including the UK). A new supervisory regime and specific proposals for the regulation of hedge funds and derivatives will alter the way business is done and regulated in London. The challenge looking ahead must be to create a regime of regulation that gives us the best possible chance of weathering the next storm better than we have the last."

For more information on the report go to http://www.lexisnexis.org.uk/banking/.  

A free Financial Services Law & Regulation podcast led by Deborah Sabalot, one of the contributors to the special report, is available at: http://www.lexisnexis.org.uk/banking/handbooks/p/199/