Purpose – Aims to examine and evaluate the financial and regulatory reforms in the gilt‐edged market. Design/methodology/approach – Reviews recent financial and regulatory reforms in the gilt‐edged market. Findings – Finds that, overall, the gilts market has maintained its safe haven...

Purpose – Previous studies have established that the failure of the hedge fund, long‐term capital management (LTCM), was associated with significant negative abnormal returns for many US banks, especially around September 2, 1998, when LTCM announced its failure. This study attempts to...

Purpose – Hedge fund marketers frequently distribute written commentary for investors to use in research. Since, these reports are subject to new regulations of the SEC (March 2004), changes need to be made by the hedge fund marketers. This study seeks to examine this issue....

Purpose – This study aims to examine the effect of the Securities and Exchange Commission's regulation fair disclosure (Reg. FD) on analyst forecast performance for pre‐Reg. FD closed‐call (CLC) and open‐call (OPC) firms compared with the non‐conference‐call (NCC) firms in the...

Purpose – To report on the appeal by the defendants – a firm of sollcitors – against the proceedings taken by the Financial Services Authority. Design/methodology/approach – Outlines the facts and explains the decision. Findings – Finds that this decision serves to illustrate how...

Purpose – To provide a summary of the action against Top Bet Placement Services, involving a betting scheme that infringed FSMA 2000. Design/methodology/approach – A detailed exposition of the factual background to this action, including an explanation of how it changed its structure and...

Purpose – While executive compensation has attracted quite a lot of media interest in the UK over the past decade, it is worth emphasising that the debate in the UK has had far less “heat” than that in the USA; this seems to be explained by the UK avoiding, for a number of reasons, the...

Purpose – Within the UK, low levels of saving has been a continuing policy concern for both government and financial regulators. Why individuals save less than might be expected has been increasingly associated with an inability of ma… financial services consumers to comprehend product...

Purpose – The FSA Financial Crime Sector Leader, Philip Robinson, outlined the FSA's new policy on fraud within the regulated sector in his October 2004 speech. The FSA subsequently undertook a review of 16 regulated firms and how to prevent and detect fraud. This paper considers the findings...