Treasury Select Committee: Demutualisation. Treasury Select Committee Ninth Special Report - Government Response to the Committees Ninth Report of 1998/99 (HC 605). (Vote) PDF Download
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Author:
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Category :
Languages : en
Pages : 6
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Author:
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ISBN:
Category :
Languages : en
Pages : 6
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Author: Iain G MacNeil
Publisher: Bloomsbury Publishing
ISBN: 1847315712
Category : Law
Languages : en
Pages : 484
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Book Description
The Future of Financial Regulation is an edited collection of papers presented at a major conference at the University of Glasgow in spring 2009, co-sponsored by the Economic and Social Research Council World Economy and Finance Programme and the the Australian Research Council Governance Research Network. It draws together a variety of different perspectives on the international financial crisis which began in August 2007 and later turned into a more widespread economic crisis following the collapse of Lehman Brothers in the autumn of 2008. Spring 2009 was in many respects the nadir since valuations in financial markets had reached their low point and crisis management rather than regulatory reform was the main focus of attention. The conference and book were deliberately framed as an attempt to re-focus attention from the former to the latter. The first part of the book focuses on the context of the crisis, discussing the general characteristics of financial crises and the specific influences that were at work this time round. The second part focuses more specifically on regulatory techniques and practices implicated in the crisis, noting in particular an over-reliance on the capacity of regulators and financial institutions to manage risk and on the capacity of markets to self-correct. The third part focuses on the role of governance and ethics in the crisis and in particular the need for a common ethical framework to underpin governance practices and to provide greater clarity in the design of accountability mechanisms. The final part focuses on the trajectory of regulatory reform, noting the considerable potential for change as a result of the role of the state in the rescue and recuperation of the financial system and stressing the need for fundamental re-appraisal of business and regulatory models.
Author: Mads Andenas
Publisher: Routledge
ISBN: 113504337X
Category : Law
Languages : en
Pages : 556
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Book Description
Financial regulation has entered into a new era, as many foundational economic theories and policies supporting the existing infrastructure have been and are being questioned following the financial crisis. Goodhart et al’s seminal monograph "Financial Regulation: Why, How and Where Now?" (Routledge:1998) took stock of the extent of financial innovation and the maturity of the financial services industry at that time, and mapped out a new regulatory roadmap. This book offers a timely exploration of the "Why, How and Where Now" of financial regulation in the aftermath of the crisis in order to map out the future trajectory of financial regulation in an age where financial stability is being emphasised as a key regulatory objective. The book is split into four sections: the objectives and regulatory landscape of financial regulation; the regulatory regime for investor protection; the regulatory regime for financial institutional safety and soundness; and macro-prudential regulation. The discussion ranges from theoretical and policy perspectives to comprehensive and critical consideration of financial regulation in the specifics. The focus of the book is on the substantive regulation of the UK and the EU, as critical examination is made of the unravelling and the future of financial regulation with comparative insights offered where relevant especially from the US. Running throughout the book is consideration of the relationship between financial regulation, financial stability and the responsibility of various actors in governance. This book offers an important contribution to continuing reflections on the role of financial regulation, market discipline and corporate responsibility in the financial sector, and upon the roles of regulatory authorities, markets and firms in ensuring the financial health and security of all in the future.
Author: Anu Arora
Publisher: Pearson Higher Ed
ISBN: 1408297868
Category : Law
Languages : en
Pages : 769
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Book Description
The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. Exploring all aspects of domestic, European and international laws and regulation, Banking Law is essential reading for students and practitioners alike. From examining the academic debates, policy considerations and practical influences underpinning the regulations, this text offers you a truly socio-economic and contextual approach to a subject which impacts on the daily lives of people worldwide.
Author: Jos van Doormaal
Publisher:
ISBN: 9783848781645
Category :
Languages : en
Pages : 518
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Book Description
Einige moderne Handelsverbande im transnationalen Bereich verhangen nicht-rechtliche Sanktionen gegen illoyale Branchenakteure, wenn diese sich nicht an Schiedsspruche halten. Diese Massnahmen untergraben zwar die Rechtsordnungen der Staaten, dennoch konnten sie als praktikable Alternative zu langwierigen und teuren Gerichtsprozessen angesehen werden. Das Werk enthalt Best-Practice-Leitlinien, die aufzeigen, unter welchen Bedingungen solche Sanktionen, die von einem Wirtschaftsverband verhangt werden, nicht gegen das US-Kartellrecht und das europaische Wettbewerbsrecht verstossen.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 140
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Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101841924
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
The 2007-09 financial crisis exposed a great many flaws in the global financial system. To address the problems a wide-ranging programme of banking and wider financial sector reform is underway at European and global level. When it came into office, the Government asked the Independent Commission on Banking to recommend ways to strengthen the resilience of the banking system and promote competition and has published a white paper (Cm. 8356, ISBN 9780101835626) setting out how it would implement those recommendations. Banks, though, are only part of the financial system. Other types of financial institutions can also pose a risk to financial stability, if there is no way for them to fail safely. In this paper, the Government now sets out proposals and questions for consultation on enhancing the mechanisms available for dealing with the failure of systemically important non-banks. It covers four broad groups: investment firms, central counterparties (CCPs); non-CCP financial market infrastructure (non-CCP FMIs); and insurers. However the Government does not preclude the possibility of other types of non-bank - for example, hedge funds, or non-bank finance companies - of being systemically important and welcomes all evidence. This document includes indicative draft legislative clauses for certain key aspects of envisaged resolution regimes
Author: Claire A. Hill
Publisher: University of Chicago Press
ISBN: 022629305X
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
Taking financial risks is an essential part of what banks do, but there’s no clear sense of what constitutes responsible risk. Taking legal risks seems to have become part of what banks do as well. Since the financial crisis, Congress has passed copious amounts of legislation aimed at curbing banks’ risky behavior. Lawsuits against large banks have cost them billions. Yet bad behavior continues to plague the industry. Why isn’t there more change? In Better Bankers, Better Banks, Claire A. Hill and Richard W. Painter look back at the history of banking and show how the current culture of bad behavior—dramatized by the corrupt, cocaine-snorting bankers of The Wolf of Wall Street—came to be. In the early 1980s, banks went from partnerships whose partners had personal liability to corporations whose managers had no such liability and could take risks with other people’s money. A major reason bankers remain resistant to change, Hill and Painter argue, is that while banks have been faced with large fines, penalties, and legal fees—which have exceeded one hundred billion dollars since the onset of the crisis—the banks (which really means the banks’shareholders) have paid them, not the bankers themselves. The problem also extends well beyond the pursuit of profit to the issue of how success is defined within the banking industry, where highly paid bankers clamor for status and clients may regard as inevitable bankers who prioritize their own self-interest. While many solutions have been proposed, Hill and Painter show that a successful transformation of banker behavior must begin with the bankers themselves. Bankers must be personally liable from their own assets for some portion of the bank’s losses from excessive risk-taking and illegal behavior. This would instill a culture that discourages such behavior and in turn influence the sorts of behavior society celebrates or condemns. Despite many sensible proposals seeking to reign in excessive risk-taking, the continuing trajectory of scandals suggests that we’re far from ready to avert the next crisis. Better Bankers, Better Banks is a refreshing call for bankers to return to the idea that theirs is a noble profession.
Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215513892
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
The period since early August 2007 has been one of large-scale turbulence and instability in global financial markets. This report examines the causes of the dislocation of international financial markets, subsequent developments in global financial markets and lessons learnt, as well as the prospects for international action and other developments to promote financial stability and transparency. The unfolding crisis of confidence is important given the particular impact on the United Kingdom through the run on the Northern Rock Bank. The report deals with: changes in financial markets; events leading to the closure of the credit markets; events since August 2007; international action; securitisation markets; credit rating agencies; off-balance sheet vehicles; and heeding the warnings. This last chapter finds that warnings from the Bank of England and the Financial Services Authority on the deteriorating financial situation in 2007 were not taken on board by some banks and building societies.
Author: Financial Times Limited
Publisher: Grupo Planeta (GBS)
ISBN: 9788423421169
Category : Capital market
Languages : es
Pages : 604
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Book Description
FT Mastering Finance brings together the latest in financial expertise from three of the best finance schools in the world. Built around three core modules - corporate finance, investment and financial markets - it provides an understanding and application of financial skills, covering such areas as capital structure, floors, random walk and risk management.
