Financial Regulation
R.S.MacKay@warwick.ac.uk, Mathematics
N.Beale, Sciteb (London)

The project is to examine the coevolution of regulatory regimes and financial systems.

Each country has different financial regulation.  Banks can move aspects of their business from one country to another to benefit.  Regulators can respond or anticipate by changing their regulation.  The evolution of a mix of regulation might lead to a more robust system than some globally agreed regulatory regime.

Make a model of this and examine the consequences.  A particularly relevant feature to incorporate is financial transactions costs.

Via a consortium of banks, financial regulators and academics led by Sciteb, this can have very direct end-user interaction, e.g. Bank of England.

It has potential to lead to a PhD project.  Possible co-supervisors include Nicholas Beale again or Roman Kozhan (WBS).