Technology and the Regulation of Financial Markets,
Securities, Futures, and Banking
A stimulating mix of viewpoints and ideas on how best to respond to the changing relationship between technology and regulation.
When this book first appeared in 1986, revolutionary advances in telecommunications, automation, and computer technology had already brought major changes to the financial industry -- changes that provided new opportunities for financial markets, but also posed new challenges for regulators charged with monitoring and governing those markets. How had new technologies affected financial markets and their regulation? Here are answers from those who knew the issues best. Some of the specific issues addressed include: the responses of the Securities and Exchange Commission to new technology applications; innovations in market surveillance and enforcement; the changing structure of the securities brokerage industry; and the impact of improved trading floor technology, among others.
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Lawrence J. White is the Arthur E. Imperatore Professor of Economics at the Stern School of Business, New York University. He has taken leave from NYU to serve in the U.S. Government three times: During 1986-1989 he was a Board Member on the Federal Home Loan Bank Board; during 1982-1983 he was the Chief Economist of the Antitrust Dvision of the U.S. Department of Justice; and in 1978-1979 he was a Senior Staff Economist on the President's Council of Economic Advisers. Among his publications is the S&L Debate: Public Policy Lessons for Bank and Thrift Regulation, and he is the co-editor of The Antitrust Revolution: Economics, Competition and Policy.
Other Beard Books by Lawrence J. White:
The Deregulation of the Banking and Securities Industries
(with Lawrence G. Golberg)
Anthony Saunders is the John M. Schiff Professor of Finance and Chair of the Department of Finance at the Stern School of Business at New York University, where he has taught both undergraduate and graduate courses since 1978. He holds positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as the Council of Research Advisors for the Federal Mortgage Association. He is an editor and associate editor of numerous financial journals and the author of a major textbook. Dr. Saunders received his Ph.D. from the London School of Economics.