Regulatory Review – Simplified Regulation, the MiFID and Basel II: Part I

George Walker reviews the main developments that have taken place during the last regulatory year. Each of the main sets of issues identified and reforms adopted are considered and the principal outstanding regulatory issues still to be resolved referred to. The main UK papers produced are considered in this first Part and the parallel European and international trends in the second Part in the following edition of this journal.

George Walker, Centre for Commercial Law Studies, London

Regulatory Review

The stable financial conditions experienced during 2006 allowed a number of important regulatory initiatives to be taken forward at the UK, European and international levels. Much of this has nevertheless focused on completing or carrying forward earlier work in certain key areas although various new more specific policy proposals or regulatory action have been undertaken.