IDEAS home Printed from https://ideas.repec.org/a/pal/jbkreg/v14y2013i1p16-32.html
   My bibliography  Save this article

Is meta-regulation all it's cracked up to be? The case of UK financial regulation

Author

Listed:
  • Folarin Akinbami

Abstract

One of the key components of regulatory regimes is the approach that the regulator adopts toward the supervision of the regulated. Regulators are therefore always looking for supervisory approaches that can increase compliance, by the regulated, with the requirements of the regulatory regime. Meta-regulation is one approach that has gained popularity in recent years. This article looks closely at the issues that arise when the regulated are closely involved in the regulatory process as a result of the use of meta-regulation. The article argues that the use of meta-regulation in the supervision of regulated firms is not unproblematic. The article uses the failures in UK financial regulation in the run-up to the global financial crisis as case studies to illustrate some of the problems that can arise with the use of meta-regulation, and analyzes some of the proposals for reforming UK financial regulation so as to overcome these problems.

Suggested Citation

  • Folarin Akinbami, 2013. "Is meta-regulation all it's cracked up to be? The case of UK financial regulation," Journal of Banking Regulation, Palgrave Macmillan, vol. 14(1), pages 16-32, January.
    • Handle: RePEc:pal:jbkreg:v:14:y:2013:i:1:p:16-32
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/jbr/journal/v14/n1/pdf/jbr20127a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/jbr/journal/v14/n1/full/jbr20127a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yiannis Anagnostopoulos & Jackie Kabeega, 2019. "Insider perspectives on European banking challenges in the post-crisis regulation environment," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(2), pages 136-158, June.
    2. Arien Hof, 2017. "Designing macroprudential regulation and supervision outside the scope of the banking union: Lessons from the Netherlands and Ireland," Journal of Banking Regulation, Palgrave Macmillan, vol. 18(3), pages 201-212, July.
    3. Carlos Madeira, 2023. "The evolution of macroprudential policy use in Chile, Latin America and the OECD," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(3), pages 357-380, September.
    4. Brooke Lahneman, 2018. "“Meta regulation in practice: Beyond normative views of morality and rationality” by F.C. Simon (Routledge, 2017)," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(1), pages 213-218, March.
    5. Folarin Akinbami & Franklin N Ngwu, 2016. "Overhauling the institutional structure of financial regulation in Nigeria: The unfinished reform," Journal of Banking Regulation, Palgrave Macmillan, vol. 17(4), pages 311-331, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:jbkreg:v:14:y:2013:i:1:p:16-32. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.