As broadly known the regulatory powers within US financial market are carried on by the Federal Reserve, the Securities and Exchange Commission and the Commodity Futures Trading Commission. Hence, the regulation implementing the Dodd-Frank Act should be issued by the SEC and the CFTC, in attention to the subject matter. The challenges prompted by financial derivatives regulation are showing, however, a slight turn of those attributions in practice. Tomorrow, the SEC will discuss rules for OTC derivatives to be applicable to cross-border transactions. The CFTC has already manifested disagreement as well as some European regulators. One could ask: are we attending a case of extraterritorial regulation issued by national regulator?
More information can be found
http://www.reuters.com/article/2013/04/26/sec-swaps-crossborder-idUSL2N0DD2WF20130426
29 Apr 2013
Changes to Financial Regulatory Authorities in the United Kingdom
The most recent reform contained in the Financial
Services Act 2012, replaced the Financial Services Authority (FSA) with two new
regulatory authorities: the Financial Conduct Authority (FCA) and the Prudential
Regulation Authority (PRA) as
part of the Bank of England.
A comprehensive explanation about the new regulatory landscape:
7 Dec 2012
DR RODRIGO OLIVARES-CAMINAL ON ARGENTINA DEBT RULING IN THE FINANCIAL TIMES
On 6 November 2012 in a possibly momentous
verdict in the world of sovereign debt a New York court has ruled against
Argentina and found in favour of its hedge fund creditors, after a decade of
legal battles. Dr. Rodrigo Olivares-Caminal, a Reader in Banking and Finance at
the Centre for Commercial Law Studies at Queen Mary, University of London,
discusses the verdict with FT's capital markets correspondent Robin
Wigglesworth. (5m 5sec)
20 Aug 2012
THE DEATH OF THE HONEST BANKER
THE DEATH OF THE HONEST BANKER
The Economic Consequences of the Vickers Commission
We can't rely on honest bankers. We can't continue to put all of our trust in the banks. And we can't trust a government that claims it has the power to make banks keep their promises. What then does the Vickers Commission mean for the future of our banking system? In this open lecture at the Department of Economics, Professor Laurence J. Kotlikoff from Boston University explores the consequences of the recommended reforms.
13 Aug 2012
Recommended article: Cultural Norms and Company Laws in Europe
Cultural Norms and Company Laws in Europe by Janice Dean-Associate Professor of Law. University of Warwick- UK
Abstract
This article examines the EU Member States with the largest economies, the UK, Italy, France and Germany. The work will consider the relationship between company law rules and national cultures in these varied systems. It will consider whether the current diversity of laws is likely to endure. This article examines the four European Union Member States with the largest national economies by GDP, namely Germany, France, the UK and Italy. The work will consider how their company law rules relate to their national cultures. Broadly, two of the countries under consideration here are Southern European and mainly Catholic in culture, namely France and Italy, while the other two, the UK and Germany, are Northern European with mainly Protestant cultures. The countries are diverse in terms of their economic structures, particularly average company size and the use of capital markets by business, even though the sizes of the national economies are similar. This study will seek to explain and explore the diversity of company laws between those nations. It will also consider whether it is likely to endure, in the EU political context and under pressure from increasing economic globalisation.
Available on http://www.ijbssnet.com/journals/Vol_3_No_5_March_2012/32.pdf
THE ASIAN FINANCIAL CRISIS: 15 YEARS LATER A podcast series based on a PAIS round table event
THE ASIAN FINANCIAL CRISIS: 15 YEARS LATER
A podcast series based on a PAIS round table event
Avaliable on The University of Warwick website:
http://www2.warwick.ac.uk/knowledge/business/asianfinancial/
6 Aug 2012
New Book: HOW MUCH IS ENOUGH? by Professors Lord Robert and Edward Skidelsky
A capitalist economy dominated by the financial services industry only benefits a predatory plutocracy who cream off the riches says Robert Skidelsky in a new book. In this extract from their book How Much is Enough? Robert and Edward Skidelsky argue that our current economic system of Darwinian capitalism has abandoned any interest in the social outcome of growth. they suggest alternative strategies to a market-based policy of growth, favouring non-coercive paternalism, which could reduce pressure on individuals to consume and work long hours.
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