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Tracing the origins of legal risk as a phenomenon in the global financial markets, particularly in the UK market, this book analyses the different components of legal risk in light of the global financial crisis, identifying characteristics, examples and management strategies, and analyses current and recent legal risk concerns as well as looking to the future. Fully updated from the first edition, this book includes substantial new material on the global financial crisis and its effects on legal risk, coverage of responses to the Crisis in the UK and elsewhere, including G20 proposals and EU initiatives, and substantial new material on globalisation issues. The book also considers the impact of case law, statute law and regulatory change on the management of legal risk.
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