It is argued that bank regulation is required to protect depositors who are less risk averse than bank shareholders. The ongoing financial revolution has generally benefited consumers of financial services by increasing competition and broadening the range of products. More and more people have,...

The UK regime for financial reporting and auditing was radically altered in 1990 and 1991 by two separate developments. When removing sole responsibility for setting accounting standards from the accounting profession, the opportunity was taken to establish a monitoring body, the Financial...

Having been hailed as the most important contribution to stabilising the US financial system after the 1929—33 crash, deposit insurance is now being blamed for financial destabilisation, particularly in emerging markets. This paper focuses on the relationship between deposit insurance and...

The paper discusses the main features of Hongkong Clearing's new ‘compulsory’ stock borrowing programme, the reasons behind its implementation, the risk exposure of lenders and the borrower (ie Hongkong Clearing), and problems associated with the lack of collateral for loaned stocks and...

This paper examines the potential effects of the Internet and e‐commerce on money laundering activity. Money laundering is a continuing problem both for regulators who are seeking to maintain trust and confidence in the financial system and the investigating authorities who are charged with...

The claimants in these proceedings were a Mr Patrick Mahon and Mr Andrew Kent. The Defendants were partners in the Swiss Bank of Rahn & Bodmer. At the time in which the events giving rise to these proceedings occurred they were respectively, managing director and corporate development manager of...