Regulating Financial Services: How Severe are the Dangers? |
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| Authors: | Robert R. Davis Commissioner |
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| Affiliation: | Commodity Futures Trading Commission in Washington DC, serving as Chairman of its Financial Products Advisory Committee He has Lectured in economics at Vanderbilt Universityand subsequently joined the Federal Deposit Insurance Corporation (Washington), Harris Bank (Chicago) and the Jointed Economic Committee of the United States Congress. He is also Special Lecturer at Virgima Polytechnic Institute and Distinguished Research Scholar at Mississippi State University |
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| Abstract: | The Financial Services Act has been variously criticised for obstructing competition and increasing operating costs for the producers of financial services in Britain. Robert R. Davis, Commissioner at the Commodity Futures Trading Commission in Washington DC, argues that there are 'public-goods' considerations to justify the imposition of the Act, and that its internal guarantees will check the growth of regulation. Len Ross, Principal Lecturer in Economics at the Polytechnic of Central London, maintains his earlier charge that the Act will do immense damage to British trade in financial services. |
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