Common law 1, statutory regulation 0? English law and Lehman

Just how feasible is it to expect statutory draftsmen to foresee and effectively regulate future developments in market practice?

Originally published in the Journal of International Banking & Financial Law, this article by Mr Justice Briggs considers the strains on modern regulatory systems that have arisen as a consequence of the Lehman collapse.

It’s proved to be a challenge for statutory, common law and procedural systems, but some have creaked more than others…

Filed Under: EU , JIBFL

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