Table of contents
Cost‐benefit analysis and compliance culture
Isaac AlfonThe increasing use of cost‐benefit analysis (CBA) in financial regulation is bringing a sharper focus on the benefits conferred by regulation. This paper addresses the impact of…
Inventory‐based stock market transparency rules
John Board, Charles SutcliffeThe London Stock Exchange is currently preparing for the largest changes in its trading practices since the Big Bang. It is already known that the Exchange is proposing to retain…
Proposal for a Directive on systemic risk in payment systems
Marc VereeckenThe past decade, with its unprecedented surge in financial activity and the occurence of financial crises, has been one of increased awareness on the part of both regulatory…
Analysing systemic risk in banking and financial markets
Atul K. ShahThe deregulation of international banking and financial markets has raised a number of concerns about their fragility and risk of collapse through systemic contagion. A large…
Redrawing the regulatory map: A proposal for reform
Michael TaylorIn this paper Dr Taylor outlines his proposals for a radical shake‐up of the UK's system for regulating financial services. Market developments over the last decade mean that the…
Standards and qualities expected of compliance staff
Gordon McMurrayThis paper sets out to examine, on an elemental basis, the key standards and qualities expected of compliance staff and the difficulties that breakdown in the compliance systems…
Legal update
Joanna GrayThe decision of the House of Lords in the Preddy appeal has led to a string of appeals against conviction to the Court of Appeal from individuals convicted under s.15 Theft Act…
Regulatory update
Joanna GraySIB Guidance Release 3/96 — standards for the custody of customer's investments The Treasury has decided to make custody of investments an activity requiring authorisation under…
Banking regulation and the tort of misfeasance in public office: The difficulties in suing regulators Three Rivers District Council and others (1) Bank of Credit and Commerce International SA (in liquidation) (2) v Bank of England
Joanna GrayThe Plaintiffs were depositors who had lost monies in the collapse of Bank of Credit and Commerce International (BCCI). BCCI itself was named as a Plaintiff since it was an…
Ignorance of the law is no excuse for company directors Attorney General's Reference No. 1 of 1995
Joanna GraySection 3(1) of the Banking Act 1987 stipulates that:
Assignment of individual investors' claims to the Investors Compensation Scheme declared invalid (1) Investors Compensation Scheme Ltd v West Bromwich Building Society; (2) Same v Hopkin & Sons; (3) Alford & Ors v West Bromwich Building Society; (4) Armitage v West Bromwich Building Society
Joanna GrayThis case concerned the validity of assignments to the Investors Compensation Scheme (ICS) of the claims of various individual investors which arose out of the widespread…
SIB unsuccessful in challenge to judicial review of its investigation of Interdata (UK) Ltd R v SIB ex parte Interdata (UK) Ltd
Joanna GrayInterdata (UK) Ltd, and in particular a director, Mr Colin French, devised a computer program to provide information on past price movements of shares to investors. The SIB's…
Defining dishonesty: A culture clash of law and business Royal Brunei Airlines SDN BHD v Tan
Joanna GrayRoyal Brunei Airlines (the airline) had, in 1986, appointed Borneo Leisure Travel (BLT) as its agent for passenger and cargo transport sales in Sabah and Sarawak. Mr Tan was the…
‘Obtaining property by deception’, mortgage fraud and funds transfer
Joanna GrayThe appellants had made mortgage applications to building societies and other lenders which contained false statements. The sums obtained by the appellants by way of mortgage…
Disciplinary Action
Joanna Grayi) On 12 July 1996, SFA issued Board Notice 345 containing details of its disciplinary action against John Edmund Odell and Branston & Gothard Ltd. SFA commenced disciplinary…
ISSN:
1358-1988Online date, start – end:
1992Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof John Ashton