Asset Management and Investor Protection: An International Analysis

by Julian Franks, Luis Correia da Silva, Colin Mayer, et al.

Book Overview

Asset management is a major industry playing an increasingly important role in economic activity around the world. Traditionally, it has been primarily associated with the 'stock market' economies of the UK and the USA, but as this book shows some of the most spectacular growth in activity of recent years has occurred in continental Europe. This has presented opportunities and challenges. New forms of financial instruments and institutions have emerged...

• Format: Hardcover
• Language: English
• ISBN: 0199257094
• ISBN13: 9780199257096
• Release Date: March 2003
• Publisher: Oxford University Press, USA
• Length: 304 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.8" x 6.3" x 9.7"

Customer Reviews

dry reading

Just a few days ago, Bear Sterns collapsed. An event that the Wall Street Journal said "shook American capitalism". So this book can be of interest to some readers. It does not directly address financial instruments. It deals in a broader context of management. Written in 2003, it describes the regulatory environments in Europe and the United States, for companies that wish to manage financial assets. Very dry reading, though. A considerable portion consists of parsing the different regulations and regulatory bodies that you have to deal with. What prudent means does vary across nations. So too does the capital requirements. There is guidance on how to obtain licenses. Attention is also given to how clients' assets need to be safeguarded, and the responsibilities of the managers.