| Description |
xli, 429 pages ; 24 cm |
| Contents |
Non-Bank Financial Entities and their Importance -- Evolution of the Law of NBFE Governance 1981-2019: The Four Ages -- NBFE Director and Trustee Duties -- Evolution and Meaning of 'Best Interest' Duties -- Evolution and Meaning of Fiduciary Duty -- NBFE Corporate Governance in Comparative Jurisdictions (Singapore, Germany (& European Union), United Kingdom, Canada, United States -- The Application of Comparative Law to Australian NBFE Corporate Governance -- The Profession of Director in Australia |
| Summary |
The proposed text offers a comprehensive legal analysis of the Australian non-bank financial sector. It analyses and explains its evolution since deregulation in 1981 until today. It explores non-bank financial entities (including Managed investment Schemes and Superannuation funds), which have largely not been caught in the recent Banking Royal Commission and other inquiries. It quantifies and explains the causes of systemic and cyclical failure of the law in the sector, bringing together the various sources of law applicable to the various types of legal entity, and also explains the difficulties and choices faced by directors and trustees of these entities. In this way, it positions current regulation in the business context. A comparative analysis of regulation in other jurisdictions identifies both successful and unsuccessful strategies for the sector. The author puts forward suggestions for reform by way of guidance for future policy development and its implementation in law |
| Analysis |
Australian |
| Notes |
Prepublication record (machine generated from publisher information) |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Nonbank financial institutions. -- Law and legislation -- Australia.
|
|
Financial services industry -- Law and legislation -- Australia.
|
|
Corporate governance
|
| ISBN |
9780409351132 |
|
040935113X |
|
