Read Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History)

Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History)

Chris Swinson

4.9/5 (20937 ratings)

Description:In 1914, the notion of statutory regulation of trading in shares was anathema to both the Government and the London Stock Exchange. By 1945, a statutory scheme of regulation had been introduced. This book serves to:Track the steps by which this outcome came about, Explain why the Exchange felt obliged in the process to abandon long-cherished policies, Analyse the forces which led to it, and Account for the form in which it was implemented.Throughout the period, the attitudes of both the Stock Exchange and Government were affected by widening interest in share ownership, the increasing tendency for business interests to look to the Exchange for long-term finance, and the increasing challenge of financing the Government's expenditure. At a disaggregated level, the market was able to respond to changing circumstances taking advantages of opportunities and weaknesses. At an aggregated level, the Exchange was not able to foresee the implications of change or to forestall unfortunate consequences. This exposed the weakness of the criminal justice system and its failure to serve as a deterrent for abuse. For its part, regulation of share trading was never a principal policy objective for Government. It only became involved when market disruption raised concerns which fed into a discourse of the need for radical reform of the financial system. When that combination of factors threatened other objectives, action would be considered. When that threat subsided, so politicians would compromise, even if the result was to embed weaknesses from which in due time would spring further calls for reform.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History). To get started finding Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History), you are right to find our website which has a comprehensive collection of manuals listed.
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ISBN: 1351706209

Description: In 1914, the notion of statutory regulation of trading in shares was anathema to both the Government and the London Stock Exchange. By 1945, a statutory scheme of regulation had been introduced. This book serves to:Track the steps by which this outcome came about, Explain why the Exchange felt obliged in the process to abandon long-cherished policies, Analyse the forces which led to it, and Account for the form in which it was implemented.Throughout the period, the attitudes of both the Stock Exchange and Government were affected by widening interest in share ownership, the increasing tendency for business interests to look to the Exchange for long-term finance, and the increasing challenge of financing the Government's expenditure. At a disaggregated level, the market was able to respond to changing circumstances taking advantages of opportunities and weaknesses. At an aggregated level, the Exchange was not able to foresee the implications of change or to forestall unfortunate consequences. This exposed the weakness of the criminal justice system and its failure to serve as a deterrent for abuse. For its part, regulation of share trading was never a principal policy objective for Government. It only became involved when market disruption raised concerns which fed into a discourse of the need for radical reform of the financial system. When that combination of factors threatened other objectives, action would be considered. When that threat subsided, so politicians would compromise, even if the result was to embed weaknesses from which in due time would spring further calls for reform.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History). To get started finding Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History)

Regulation of the London Stock Exchange: Share Trading, Fraud and Reform 1914-1945 (Financial History)

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