Joanna Gray & Jenny Hamilton 
Implementing Financial Regulation 
Theory and Practice

Now that the Financial Services and Markets Act 2000 has had a
chance to bed itself down and the Financial Services Authority
(FSA) is developing its new regulatory toolkit and modus
operandi, financial regulation has moved on in interesting
directions. This book takes a critical look at the principles and
practices behind this regulation, as well as the theory that is
involved.

This book goes further than a description of the laws that are
currently out there, by analysing the impact and implications of
the new financial regulations, making it a ‘must-read’
for law, finance and accounting practitioners. Coverage includes:
Regulation and compliance; disclosure risk and regulation and
stakeholders in financial regulation.

Table of Content

Preface.

Acknowledgements.

1. Regulation in context.

2. Aligning risk and regulation: FSA’s risk-based
operating framework.

3. Regulation within the regulated firm: legislation and
rules.

4. Senior management regulation: evidence and practice since
N2.

5. The wider regulatory and legal context for senior
management.

6. Regulation and the emergence of the financial citizen.

7. An illustrated critique of meta regulation and concluding
comments.

Index.

About the author

JOANNA GRAY LL.B. (Newcastle), LL.M. (Yale) Reader in
Financial Regulation, University of Newcastle upon Tyne and
Solicitor (England and Wales) has also taught at the Universities
of London, Dundee, and Strathclyde and qualified as a solicitor
with a leading City of London practice for whom she subsequently
worked as a consultant. In 2000 returned to practice full-time
doing advisory work relating to financial regulation at a leading
Edinburgh law firm.

She taught the first UK undergraduate Law School course of its kind
in 1986-1987 in financial services regulation at UCL (jointly with
Dr Cento Veljanovski an economist). She has had extensive
experience in training and consultancy work in financial services
law and regulation both for law firms and for industry and has
published widely in academic and industry journals on financial
services law and company law.

JENNY HAMILTON Professor in Law, University of
Strathclyde, UK has taught at the University of Strathclyde for the
past nine years, primarily in the field of commercial law, consumer
law and financial services regulation. Qualified as a barrister and
solicitor in Australia she practiced law and taught in Australia
before moving to Scotland in the mid 1980s where she has since
taught. She is also a visiting lecturer on the LLM program at
Monash University, Australia.

She was formerly a Council member of the Scottish Consumer Council
(1999-2003) and is currently the Council Moderator of a
co-operative lending society based in the north of England that
aims to reduce poverty in the world, by providing fair and just
financial services.