Purpose – The purpose of this paper is to discuss the implementation of effective risk‐based anti‐money laundering (AML)/combating the financing of terrorism (CFT) systems of control in order to properly address the risks facing the financial services industry. It seeks to argue that most...

Purpose – To report and comment on the case Paul Davidson, Ashley Tatham v. The Financial Services Authority . Design/methodology/approach – Outlines the facts and explains the decision reached. Findings – The Tribunal ruled that the decision of the Financial Services Authority (FSA) which...

Purpose – To report and comment on the case Real Estate Opportunities v. Aberdeen Asset Managers Jersey Ltd & Ors . Design/methodology/approach – Outlines the facts and explains the decision reached. Findings – The Court ruled that the rules relating to the attribution of knowledge to a...

Purpose – This paper is concerned with the application of economic analysis to law and public policy. Its aim is not to highlight the well‐documented merits of economic analysis but to shed light on some of its flaws and to propose an agenda for future research in the field....

Purpose – The purpose of this paper is to apply theoretical concepts of corporate and bank boards to the Boards of Directors at Federal Reserve Banks and at US Basel II A‐IRB adopters. The Basel II Accord set to take effect in the USA in 2009 provides direction as to board oversight in...

Purpose – This paper aims to estimate the cost to US savings banks and savings and loan institutions with assets under $250 million of complying with the anti‐redlining Community Reinvestment Act (CRA). Design/methodology/approach – Compliance cost is modeled as a type of inefficiency...

Purpose – This paper aims to trace the evolution of Indian financial market structure and regulation, in the broad dialectic sense and to suggest a consolidated, holistic regulatory model. Design/methodology/approach – The paper sketches the evolution of Indian financial market structure and...

Purpose – This paper aims to analyse the economics of financing banking supervision and attempts to respond to two questions: What are the most common financing practices? Can the differences in current financing practices be explained by country‐specific factors, using a path‐dependence...

Purpose – The study sets out to report and comment, from a competition law perspective, on communication between competitors. Design/methodology/approach – The study outlines the facts and presents an opinion. Findings – The study finds that communications between competitors can give rise...

Purpose – The purpose of this study is to consider the case of Sean Pignatelli and consider surrounding commentary on the misuse of market information. Design/methodology/approach – The paper reviews the Financial Services Authority's (FSA) Final Notice and related publications. Findings –...