BOOK REVIEWS

These two books, while very different, are both scholarly and thought provoking works. Although they are not specialist works on Financial regulation and compliance they should nevertheless be of interest to those working in the financial services industry, its regulatory bodies, and studies and teachers of financial regulation. For the reader who is new to academic and theoretical perspectives on regulation it is recommended that Ogus' book be tackled first. Using, primarily, the theoretical framework of analysis of the ‘law and economics’ movement (with which business readers will feel at home) the book's stated aim is to ‘classify and explain regulatory forms and to evaluate their capacity and record of achievement’. A brief, non‐technical first chapter defines some fundamentals and introduces the nature of regulation, theories of regulation and economic reasoning, the scope and form of regulation and its historical development in Britain.