GLOBE Book Launch - Corporate Law and Financial Instability by Dr Andreas Kokkinis
The GLOBE Centre is delighted to launch Dr Andreas Kokkinis' new book, Corporate Law and Financial Instability with commentary by Dr Marc Moore, Reader in Corporate Law, and Co-Director of the Centre for Corporate and Commercial Law (3CL), University of Cambridge.
This book explores the relationship between, on the one hand, the broader corporate law, corporate governance and securities law framework and, on the other, the prudential regulatory framework. Although the book’s main focus is on UK law, much of the policy argumentation is relevant globally and therefore appropriate international comparisons are drawn, and analysis of EU law and regulation is included. The book argues that the corporate law regime, which focuses on shareholder empowerment and profit maximisation, operates as an antithesis to prudential regulatory objectives thus undermining the safety and soundness of banks and other financial institutions by encouraging risky behaviour that may be in the best interests of their shareholders, but is clearly not in the public interest.
A buffet lunch will be provided.