Citation

Discussion Paper Details

Please find the details for DP7110 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: The Future of Securities Regulation

Author(s): Luigi Zingales

Publication Date: January 2009

Keyword(s): coorporate goverance and security regulation

Programme Area(s): Financial Economics

Abstract: The U.S. system of security law was designed more than 70 years ago to regain investors? trust after a major financial crisis. Today we face a similar problem. But while in the 1930s the prevailing perception was that investors had been defrauded by offerings of dubious quality securities, in the new millennium, investors? perception is that they have been defrauded by managers who are not accountable to anyone. For this reason, I propose a series of reforms that center around corporate governance, while shifting the focus from the protection of unsophisticated investors in the purchasing of new securities issues to the investment in mutual funds, pension funds, and other forms of asset management.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7110

Bibliographic Reference

Zingales, L. 2009. 'The Future of Securities Regulation'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7110