Changes to reflect the recommendations stemming from the G20 commitments of 2008 are still underway, at a global, EU and domestic level.
The financial crisis revealed essential gaps in the regulatory framework of financial derivatives, notably the lack of transparency, whereby, occasionally, fraud and misrepresentation allegation cases surrounded market participants.
Summary of the University of Ottawa banking law workshop on critical public policy issues posed by big banks
The 2013 Banking Law Symposium — Workshop entitled Who Wants Big Banks? was held on 27 June at the University of Ottawa, Canada.
Since the completion, in 1997, of the negotiation of commitments on international trade in financial services under the GATS, several organisations and commentators have raised questions as to what prudential measures are covered by the Prudential Defence Measure (PDM) of the Annex on Financial Services of the GATS, and as to whether the PDM together with other GATS rules provide adequate scope for the use of capital controls.
The basic principle of Islamic banking in providing mortgage finance for residential purchase is risk-sharing, which is a unit of trade rather than risk-transfer which is part of the conventional English banking system.
Previous articles in Financial Regulation International have looked at how the Bribery Act 2010 has developed, interpretations of the guidance made under it and firms’ fears for the first prosecution for the offence of failing to prevent bribery.
During the financial crisis an unprecedented amount of bail-outs has been witnessed. Amongst the reasons for these were the well-known ‘too big to fail’ problem and a lack of timely resolution tools.
International Symposium: Bank Recovery and Resolution in Europe-The EU Bank Recovery and Resolution Directive in context
The international symposium on Bank Recovery and Resolution in Europe -'The EU Bank Recovery and Resolution Directive in Context' took place on 18-19 October 2013 at the University of Tübingen, Germany, under the auspices of Professor Dr Jens Hinrich Binder of the University of Tübingen and Professor Dr Dalvinder Singh of the University of Warwick.
The Indonesian central bank, Bank Indonesia, has recently issued two regulations that in the future will change how banks in Indonesia do their businesses.
Russian anti-money laundering legislation in electronic payments: A case of regulation catching up with business practices
During its plenary session in June 2013 in Oslo, the Financial Action Task Force approved the Guidance on Risk-Based Approach to Prepaid Cards, Mobile Payments and Internet-based Internet Payment Systemswhich is aimed at assisting jurisdictions in devising necessary risk-based measures towards New Payment Methods.
Late June and early July 2013 saw some significant reports and consultations in the UK’s drive to become, in the words of Martin Wheatley, Chief Executive of the Financial Conduct Authority (FCA), a hostile place for criminals to profit from their crimes.
Cyprus is going through an unprecedented banking crisis. What is more detrimental, however, is the fact that its lasting effect and duration are unknown.
The extra responsibilities being taken on by central banks are forcing them to deal with far greater ambiguity than before, demanding fresh thinking and new modes of operation.
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