Financial markets regulation : political accountability challenged
International trade, politics and development, 2023, OnlineFirst
HERITIER, Adrienne, Financial markets regulation : political accountability challenged, International trade, politics and development, 2023, OnlineFirst - https://hdl.handle.net/1814/75893
Retrieved from Cadmus, EUI Research Repository
This paper aims to conceptualize and empirically illustrate the challenges that financial market regulation presents to politicians and the organization tasked with specifying regulations and supervising their implementation in the interest of users and consumers of financial instruments. It analyses the problem from the viewpoint of the governor's dilemma and the control/competence conflict, the linked problem of the rent-seeking of agents/intermediators and consumers of financial instruments. Political accountability problems are enhanced by the materiality of the technologies used, i.e. algo trading.
Cadmus permanent link: https://hdl.handle.net/1814/75893
Full-text via DOI: 10.1108/ITPD-06-2023-0016
ISSN: 2632-122X; 2586-3932