Purpose – China is in the midst of an aggressive privatisation process in which key state‐owned enterprises have already tapped, or have plans to tap, international capital through initial public offerings in Hong Kong. Aims to critically assess two major SOE bank IPOs, the Bank of...

Purpose – The purpose of this essay is to formulate practical steps in establishing a market for government securities. When such a market does not exist two issues are of critical importance: establish the credibility of the issuer, and create the trading avenues. Design/methodology/approach...

Purpose – Aims to examine the current financial scenario in Cyprus and to suggest medium‐term reforms to the institutional set‐up of Cypriot financial supervision. Design/methodology/approach – Details the different sectors in Cyprus's financial set‐up and suggests measures necessary...

Purpose – Aims to review the potential risks associated with the separation of banking regulation from the orbit of the central bank in Latin‐American and Caribbean countries (LAC). Design/methodology/approach – Sets out information on the banking regulators in LAC and on the current...

Purpose – This paper seeks to provide foreign exchange risk measurement/management techniques and strategies that can be applied to investment and trading portfolios in emerging financial markets, such as the Moroccan foreign exchange market, with the objective of setting up the basis of a...

Purpose – This paper aims to consider the impact of modernizing payments systems within emerging economies. Design/methodology/approach – Focuses on the Tanzanian experience and highlights a number of important issues that emerging economies face in undertaking such reforms. The results are...

Purpose – To address the practical implications of the new company law reform bill. Design/methodology/approach – Explain the objectives of the Bill. Findings – The current government position is a continuing preference for disclosure on a voluntary basis by firms but Clause 866 of the...

Purpose – To discuss the FSA's enforcement action against the Royal Dutch/Shell group, which had been found to have made false or misleading announcements regarding its proved hydrocarbon reserves and reserves placement ratio's 1998‐2003. Design/methodology/approach – Presents the facts...

Purpose – Compliance competence is key to the operation and reputation of the financial services sector and is now completely embedded in the way financial services organisations carry on investment business. It is also fundamental to the Financial Services Authority (FSA) in seeking to...

Purpose – Since, the early 1990s, emerging markets have started to play an important role in the trading of derivatives products. Despite the fact that these markets are characterized in general as illiquid, segmented, politically unstable, with lack of regulations and historical financial...