Good Regulation, Bad Regulation

1. Definition and Theories of Regulation 1.1. Definition of Regulation 1.2. Forms of Regulation 1.3. The Public Interest Theory of Regulation 1.4. The Capture Theory of Regulation 1.5. The Special Interest Groups Theory of Regulation 1.6. Concluding Remarks 2. Arguments for and Against Regulation 2.1. Introduction 2.2. Avoiding Corporate Failure 2.3. Creature of the State 2.4. Market Failure 2.5. The Protection of Rights 2.6. Efficiency 2.7 Impeding Innovation 2.8. The Cost of Compliance 2.9. Circumvention of Regulation 2.10. Ineffectiveness 2.11. Corruption as a Justification for Financial Regulation 2.12. The Greed Game 2.13. Concluding Remarks 3. Regulation, Deregulation and Financial Crises 3.1. The Free Market Doctrine 3.2. Free Banking and Financial Laissez Faire 3.3. Regulation and Banking Efficiency: The Empirical Evidence 3.4. Deregulation as a Cause of Financial Crises 3.5. Concluding Remarks 4. Good Regulation: Payday Loans, Securitisation and Insider Trading 4.1. Whatis Good Regulation? 4.2. Payday Loans 4.3. Arguments for and Against the Regulation of Payday Loans 4.4. Securitisation and Derivatives 4.5. Insider Trading 5. Good Regulation: Leverage and Liquidity 5.1. The Leverage Ratio: Why Does it Matter? 5.2. Leverage as a Cause of the Global Financial Crisis 5.3. The Basel 3 Leverage Ratio 5.4. Arguments for and Against the Leverage Ratio 5.5. The Concept of Liquidity 5.6. The Role of Liquidity in the Global Financial Crisis 5.7. Arguments for the Regulation of Liquidity 6. Bad Regulation: Basel 1 and Basel 2 6.1. The Basel 1 Accord 6.2. From Basel 1 to Basel 2 6.3. A Critical Evaluation of Basel 2 6.4. Basel 2 and the Global Financial Crisis 6.5. Conclusion 7. Bad Regulation: Basel 2.5 and Basel 3 7.1. From Basel 2 to Basel 2.5 7.2. A Critique of Basel 2.5 7.3. Basel 2 to Basel 3 7.4. The Basel 3 Provisions 7.5. A Critique of Basel 3 7.6. The Verdict on Basel 3 and the Basel Culture 7.7. Conclusion 8. Bad Regulation: Short Selling 8.1. Introduction