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Evidence-based policy making could be the panacea to global financial regulatory woes |
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Source: Thomson Reuters
Dec 23 2011 Michael Aitken recommended
Michael Aitken, chair of the Capital Markets Cooperative Research Centre in Sydney, suggests that evidence-based policy making could help regulators make better decisions about whether a market design change is good or bad for the financial services sector. He tells Thomson Reuters why the global financial markets are in a mess right now, and will remain so for a while.
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The Accidental Entrepreneur |
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Link
Australia Magazine, issue 2 |
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Professor Mike Aitken on the need for evidence based decision making from regulators |
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Let’s try and resist following the leader on this occasion.
Overnight four European countries (France, Italy, Spain and Belgium) have had their regulators plug their finger in the proverbial dike. They have banned all forms of short-selling after what is considered unwelcome volatility, particularly in the banking sector, and in particular, in the stock Societe Generale.
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Consultation report on regulatory issues raised by the impact of technological changes on market integrity and efficiency |
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Knowledge@Australian School of Business |
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06/07/2011 - 19/07/2011
Finance and Investment
Muttering around the market suggests the game's all but up for the Australian Securities Exchange (ASX) as it faces competition for the first time later this year. Coming out of a monopoly, the ASX's lack of customer focus will send many flocking to the newcomer Chi-X Australia, its critics claim. But suggestions are that the newcomer with its low cost, high-speed system will be hard-pressed to make a profit, even if the volume of trading increases as anticipated. The ASX has had plenty of time to prepare and may ramp up its other revenue sources, but it's now predicted that these may also be under threat.
http://knowledge.asb.unsw.edu.au/article.cfm?articleId=1429
© 2010 The Australian School of Business of the University of New South Wales |
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A framework for Assessing Market Quality by Mike Aitken and USA collaborators |
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The Journal of Trading, June 2011 |
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ASX Takeover: Learning from Rejection |
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Page 1 of 3 |
IOSCO_Letter_10082011.pdf