This paper reviews the issues surrounding jury trials in fraud cases in the context of the Home Office's consultation document in early 1998. It includes an account of the Serious Fraud Office (SFO) and concludes that a greater willingness to use regulatory institutions to deal with misconduct...

The German stock market has developed by leaps and bounds over the past two years. German legislators have, for example, introduced a large number of improvements that have brought the underlying conditions of the German financial markets into line with international standards. Market...

In this paper, the author examines how fund management is destined to be the largest source of growth in investment assets once the European single currency is introduced. The removal of currency costs and currency risks in the conduct of cross‐border business will improve investment flows...

In recent years major banking and financial crises have emerged in several countries. Banking systems seem to have become more crisis‐prone. Banks in many countries have very high levels of non‐performing loans, there has been a major destruction of bank capital, banks have failed, and...

This is the first in a series of papers the Journal intends to publish looking at selected websites on the internet that are relevant to financial regulation and compliance.

Sir Brian Neill briefly set out the factual background to this litigation at the beginning of his judgment:

This appeal to the Privy Council from the Court of Appeal of Jamaica concerned the lawfulness of action taken by the Minister of Finance on 10th July, 1996 under statutory powers to assume temporary management of three financial institutions, and the remedies available to aggrieved parties in...

On 12th March, 1998 the Financial Services Authority (FSA) issued Consultation Paper 7 ‘Pension transfers and opt outs review phase 2’ which addresses the next phase of the pensions review and redress programme begun in 1994. The second phase of the review will focus on younger investors —...

The Bill gives the FSA substantial discretion in the way its powers can be exercised. A key issue for a financial regulator relates to the selection it makes from the range of instruments available and the way they are combined in an overall regulatory strategy so as to achieve objectives...

The FSA will become the most powerful financial regulator in the world as a single agency responsible for the regulation and supervision of the full range of financial services. While questions of institutional structure raise important issues, they are of second‐order importance compared with...