Suchergebnisse

"This book considers strategic and economic relations - as well as alliances and the significance of the incoming US administration for global relations - in matters not just related to trade and security, but also financial stability. It also it emphasizes the importance of regulatory convergence and harmonization in fostering trade relations and negotiations."

"This book considers strategic and economic relations - as well as alliances and the significance of the incoming US administration for global relations - in matters not just related to trade and security, but also financial stability. It also it emphasizes the importance of regulatory convergence and harmonization in fostering trade relations and negotiations"--

Preface -- Introduction and background to the study -- Review of the literature on self governance and corporate social responsibility -- Restoring trust in business following corporate collapses like ENRON : Sarbanes Oxley Act and principles based accounting -- Responsive regulation and corporate social responsibility : achieving right balance between persuasion and penalization -- Building on the trust of management : restoring trust in businesses through corporate governance -- Regulating stock markets and financial services : a matter of regulatory style and structure? -- Role of monetary policy in matters relating to financial stability : central banks and different policies implemented in response to the recent financial crisis -- Central bank's role and involvement in bank regulation : lender of last resort arrangements and the special resolution regime (SRR) -- The financial services authority : a model of improved accountability? -- Sarbanes Oxley, non audit services (NAS) and the mandatory rotation of audit firms -- Proposals for a new audit liability regime in Europe -- Audits, audit quality and signalling mechanisms : addressing information asymmetries in concentrated and family ownership systems/structures -- Credit risk measurement, leverage ratios and Basel III : proposed Basel III leverage and supplementary leverage ratios -- The unintended consequences and challenges of the Basel III leverage ratio : supplementary leverage ratios -- Designing regulatory policies aimed at effectively implementing mandatory audit rotation -- Conclusion and further recommendations -- References -- Index

"This book explores the relationship between ethical and environmental standards and foreign investment on the international market, investigating the benefits of practicing CSR as a means of sustainable economic growth and to mitigate devastating negative consequences, especially in the developing world."

Why are some global financial crises more difficult to recover from and overcome than others? What steps are necessary in ensuring that financial stability and recovery are facilitated? What kind of environment has the previous financial environment evolved to and what kind of financial products have contributed to greater vulnerability in the triggering of systemic risks? These are among some of the questions which this book attempts to address. In highlighting the role and importance of various actors in post-crises reforms as well as the huge impact of certain factors and products that are contributing in exacerbating the magnitude and speed of transmission of financial contagion, the book provides an insight into why global financial crises have become more complicated to address than was previously the case.

AbstractThe recent rate‐rigging scandals serve as a reminder that capital markets need to be properly regulated.

International audience ; The importance attached to maintaining and promoting financial stability - as well as the need to facilitate rescue and restructuring measures aimed at preventing systemically relevant financial institutions from failure, demonstrate how far authorities are willing to overlook certain competition policies. However increased government and central bank intervention also simultaneously trigger the usual concerns - which include moral hazard and the danger of serving as long term substitutes for market discipline. An interesting observation derives from the relationship between State aid grants, competition, and the potential to induce higher risk taking levels. Whilst the need to promote and maintain financial stability is paramount, safeguards need to be implemented and enforced to ensure that measures geared towards the aim of sustaining system stability (measures such as lender of last resort arrangements and State rescues) do not unduly distort competition as well as induce higher risk taking levels. This paper will draw attention to safeguards which have been provided by the Commission where approval is considered for the grant of State aid to financial institutions whose problems are attributable to inefficiencies, poor asset liability management or risky strategies.

This book is an essential reference source for the latest scholarly research on the importance of information asymmetries and uncertainties and their effects on the overall regulation of financial industries. Featuring extensive coverage on a wide range of perspectives, such as financial reporting standards, investor confidence, and capital flows.