Description: The Great Recession of 2008-2009 grabbed everyone's attention, with financial regulation reform becoming a popular, not to mention populist, issue. Much has been written on the causes of the crash, but now it's time to look forward and ask whether the laws being written to regulate the market will prevent a new crash from happening. When Free Markets Fail unpacks the current debate over financial reform, from the economic meltdown to rebuilding our financial markets' regulatory structure, in a jargon-free way for laymen and financial professionals alike.Complinet New York Managing Editor Scott McCleskey explains the nuts and bolts of financial regulation-how it's made and how it works-to examine how the collapse happened and how we can avoid a future crisis. McCleskey, a leading authority on financial regulation, discusses a wide range of issues underlying the debate on reforming the financial markets. He sheds light on the structure of regulation and the roles of various agencies, including discussion of the role of credit rating agencies and their central role in the markets.McCleskey brings readers his real-world experience, ranging from leading the global compliance department of a major financial institution and participating in the development of European Union market regulations to conducting investigations into stock market fraud. At the same time, he understands the theory and language of regulation, with published works on regulatory theory as well as academic work at Cambridge and other academic institutions. Having spoken before Congress, the European Central Bank, and the London School of Economics among other settings, McCleskey is uniquely qualified to get past the spin and ideology that distort the public debate and cut to the heart of issues that need not be complicated. He does this with straightforward discussions of various topics, including how systemic risk actually works and whether we should worry about regulation stifling innovation. He also makes a compelling argument for specific reforms, the originality of which has already led to wide discussion in the press. If you have a bank account, a car loan, a mortgage, or even a credit card, When Free Markets Fail provides clear enlightenment on how coming financial regulations will affect you.The entire concept of financial regulation is up for grabs in a way it has not been since the Depression and in a way that is not likely to recur in our generation. When Free Markets Fail shows why this matters to you in particular, whether you're a financier, investor, or just a concerned citizen.

Please Wait