Roger McCormick, LEGAL RISK IN THE FINANCIAL MARKETS Oxford: Oxford University Press (www.oup.com), 2nd edn, 2010. xxxvii + 491 pp. ISBN 9780199575916. £175.
| Author | Matteo Solinas |
| DOI | 10.3366/elr.2012.0096 |
| Published date | 01 January 2012 |
| Date | 01 January 2012 |
| Pages | 139-140 |
As the author states in the preface to the second edition, this book considers legal risk against the backdrop of the global financial crisis between 2007 and 2009. The principal theme has not changed since the first edition: the analysis of the nature of legal risk in wholesale financial markets and the ways in which it can be managed. The novelty in this second edition lies in the test case that addresses the relationship between legal risk and regulatory reform.
The book is stimulating and informative. There is reference to almost every conceivable aspect of the recent financial crisis, from its origins to the legal and regulatory responses in the UK and elsewhere. The implications for the nature and relevance of legal risk are tackled in chapter 10 where it is suggested...
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