The Crash that launched a thousand fixes: Regulation of Consumer Credit after the Lending Revolution and the Credit Crunch

Ramsay, Iain and Williams, Toni (2009) The Crash that launched a thousand fixes: Regulation of Consumer Credit after the Lending Revolution and the Credit Crunch. In: W G Hart Legal Workshop 2009: Law Reform and Financial Markets: Institutions and Governance, 23rd - 25th June 2009, Institute of Advanced Legal Studies, London.

Copy

The authors examine the ways in which the credit crunch has simulated both immediate regulatory initiatives and more fundamental reflection on consumer credit regulation, with regulation of consumer credit markets remaining on the policy agenda of many countries. This paper assesses how conventional regulatory assumptions - that reputable firms do not place risky products on the market, that innovation is stifled by regulation and that regulators are not as well placed as the market to judge the value of products - have been challenged by the credit crunch.

Item Type	Conference or Workshop Item (Paper)
Additional Information	Paper presented by Iain Ramsay and Toni Williams, Professors of Law, Kent Law School, University of Kent, Canterbury, UK. An earlier draft of this paper was presented at the University of Tokyo, March 9, 2009. An updated and revised version of this paper appears in: K. Alexander and N. Moloney, Law Reform and Financial Markets (Cheltenham, Edward Elgar, 2011).
Keywords	Credit crunch, Consumer credit -- Law and legislation, Financial regulation
Subjects	Law
Divisions	Institute of Advanced Legal Studies
Date Deposited	01 Mar 2012 17:44
Last Modified	05 Aug 2024 19:54