LEADER 05485nam 22007335 450 001 9910483027403321 005 20200919113426.0 010 $a3-319-09459-9 024 7 $a10.1007/978-3-319-09459-5 035 $a(CKB)3710000000281308 035 $a(EBL)1965218 035 $a(OCoLC)895661103 035 $a(SSID)ssj0001386724 035 $a(PQKBManifestationID)11755231 035 $a(PQKBTitleCode)TC0001386724 035 $a(PQKBWorkID)11374558 035 $a(PQKB)10498229 035 $a(DE-He213)978-3-319-09459-5 035 $a(MiAaPQ)EBC1965218 035 $a(PPN)183087909 035 $a(EXLCZ)993710000000281308 100 $a20141114d2015 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPromoting Information in the Marketplace for Financial Services $eFinancial Market Regulation and International Standards /$fby Paul Latimer, Philipp Maume 205 $a1st ed. 2015. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2015. 215 $a1 online resource (251 p.) 300 $aDescription based upon print version of record. 311 $a3-319-09458-0 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $aChapter 1: Introduction ? Promoting Information -- Chapter 2: Disclosure of Financial and Non-Financial Information in the Marketplace -- Chapter 3: How Should Financial Markets Be Regulated to Ensure That Information is Provided? -- Chapter 4: Promoting Information Under Broker/Client Rules at Common Law and in Equity -- Chapter 5: The Failure of Industry Licensing to Keep the Market Informed ? Obligation to Provide Financial Services ?Efficiently, Honestly and Fairly? -- Chapter 6: The Ability of the Commission to Achieve Disclosure in Financial Markets -- Chapter 7: Stock Exchanges and the Promotion of Information -- Chapter 8: Towards Principles-Based Regulation. 330 $aThis book provides a unique comparative and global analysis of the regulation of disclosure in financial (securities) markets. It is written by two authors who represent both the new world (Australia) and the old world (Germany). The authors present their research in the global business context, with legal and regulatory perspectives including some references from Africa, Asia, the Middle East and South America. After every ?boom? and ?bust?, legislators pass new disclosure legislation, often in a heated environment fuelled by politics and the media. Little regard is paid to existing regulation or the lessons learned from earlier regulation. The result is the continuing enactment of redundant and overlapping disclosure laws. Since financial markets are often described as markets for information, the failure to ensure disclosure is at the heart of financial services regulation. This book argues that the solution to the failure of disclosure is a brief, easily understood, principles-based, plain English safety-net amendment to statute law such as ?you must keep the financial market fully informed?, a measure that would support effective mandatory continuous disclosure of information to financial markets. This book examines the reasons for disclosure regulation, and how the efficient operation of financial markets is dependent on disclosure.  It examines the adequacy of common law and civil law concerning broker/client disclosure, and concludes that industry licensing in itself fails to keep the market informed.  While recognizing the failures of securities commissions to achieve good disclosure in financial markets, it confirms the effectiveness of coregulation of disclosure by a commission with the support of the financial markets (such as the stock exchange). Coregulation builds on financial market self-regulation, and is best described in the words of one-time SEC Chairman William O. Douglas, who, in the 1930s, described it as a shotgun behind the door.  . 606 $aInternational law 606 $aTrade 606 $aPrivate international law 606 $aConflict of laws 606 $aFinance 606 $aCommercial law 606 $aInternational Economic Law, Trade Law$3https://scigraph.springernature.com/ontologies/product-market-codes/R19050 606 $aPrivate International Law, International & Foreign Law, Comparative Law $3https://scigraph.springernature.com/ontologies/product-market-codes/R14002 606 $aFinance, general$3https://scigraph.springernature.com/ontologies/product-market-codes/600000 606 $aCommercial Law$3https://scigraph.springernature.com/ontologies/product-market-codes/R12026 615 0$aInternational law. 615 0$aTrade. 615 0$aPrivate international law. 615 0$aConflict of laws. 615 0$aFinance. 615 0$aCommercial law. 615 14$aInternational Economic Law, Trade Law. 615 24$aPrivate International Law, International & Foreign Law, Comparative Law . 615 24$aFinance, general. 615 24$aCommercial Law. 676 $a343/.03 676 $a657.8333 700 $aLatimer$b Paul$4aut$4http://id.loc.gov/vocabulary/relators/aut$01227541 702 $aMaume$b Philipp$4aut$4http://id.loc.gov/vocabulary/relators/aut 906 $aBOOK 912 $a9910483027403321 996 $aPromoting Information in the Marketplace for Financial Services$92850103 997 $aUNINA