Contributor
Kirsch, Clifford E.
Imprint:Chicago : Irwin Professional Pub., c1997.
Descriptionxxv, 565 p. : ill. ; 24 cm.
Note:Commercial banking and securities activities: a survey of the risks and returns / George J. Benston, George G. Kaufman - Federal regulation of the contracts issued by life insurance companies / Lawrence J. Latto - Bank sales and underwriting of investment products / Diane E. Ambler - Untangling bank regulation from state insurance regulation / Karol K. Sparks - An overview of derivatives: their mechanics, participants, scope of activity, and benefits / Christopher L. Culp, James A. Overdahl - The quest for legal certainty: what derivatives are subject to the commodity exchange act? / Mark D. Young - The case for federal antifraud authority in the OTC derivatives markets / Robert F. Klein - Securitization of loans: asset-backed securities and structured financing / Tamar Frankel - The revolution in retirement savings: 401(k) plans and investment intermediaries / William A. Schmidt - Mutual fund investments in participant-directed retirement plans: required dismlosure versus effective communication / John M. Kimpel - Elements of the regulatory landscape applying to pension plans / Mark A. Greenstein - Banks, money managers and insurance companies, and corporate governance: if not them, who? / Nell Minow - The regulation of disclosure in the computerized age / Michael J. Downer - Money market fund investments in derivatives / Martin E. Lybecker - Derivatives and risk: challenges facing the investment management industry / Michael E. S. Frankel - Hedge funds in the 1990s: private risk taking, public consequences? / Susan C. Ervin - Offshore investment funds / Robert W. Helm - Should funds and investment advisers establish a self-regulatory organization? / Tamar Frankel - Multiple regulators: where are we? How did we get here? / Joel Seligman - The emerging parallel banking system / Jane D'Arista, Tom Schlesinger - Functional regulation / Martha L. Cochran, David F. Freeman, Jr. - Strategies for regulating risk in financial intermediaries: general approaches and their application to regulation of investment companies / Howell E. Jackson.
Bibliography Note:Includes bibliographical references and index.
Note:"This volume is written primarily by attorneys, and one thing should be noted at the outset: these lawyers know how to write. The nearly 25 contributors explain in very clear terms the revolution in financial services over the past two decades. But this work is far more than a mere examination of historical developments. Some chapters passionately advocate needed changes in regulation and policy, while others serve as educational tutorials by breaking down and explaining complex financial instruments. Sample sections of the volume include investment products of the banking and insurance industries, derivatives, asset-backed securities, mutual funds, and the regulatory framework. Written primarily from a legal perspective, the book focuses on changes in financial services law that are necessary to accommodate the market changes of the past 20 years. However, the audience for the book goes beyond law students, politicians, and regulators. Any student of financial markets will find the material very rewarding." -- Choice review
