Purpose – The purpose of this paper is to investigate the July 2007 introduction of a pre-close call auction on the New Zealand stock market and its effect on share pricing quality and market manipulation. Design/methodology/approach – Market quality was tested using the methodology of...

Purpose – The purpose of this paper is to analyze the 2008-2009 financial crisis using a behavioral view, and suggest changes in government policy and company governance to deal with the key behavioral problems. Design/methodology/approach – Behavioral elements of the crisis are identified...

Purpose – The purpose of this paper is to answer a specific research question: How have EU and US regulators translated the idea of central clearing into law? Design/methodology/approach – A meticulous legal research is carried out. First, the pre-crisis regulatory regime for credit default...

Purpose – The timeliness of portfolio holdings information disclosure has been of interest among regulators, academics and practitioners since the Investment Company Act of 1940. The Securities Exchange Commission has been trying to strike a balance between investors' interest in timely...

Purpose – The purpose of this paper is to analyze the rationale for Bank Recovery and Resolution Funds (BRRFs) in the context of the present European Union's (EU) decentralized safety net. Design/methodology/approach – The paper makes some reflections on the governance aspects of BRRFs that...

Purpose – On January 3, 2005, Regulation SHO was implemented by the Securities and Exchange Commission, with the express purpose of updating short sale regulation by seeking to limit an abusive short selling practice known as naked short selling. The purpose of this paper is to examine the...

Purpose – The purpose of this paper is to examine the effects of corporate illegality on financial performance within the banking industry, in order to assess whether the regulatory framework is effective in curbing violations. Design/methodology/approach – The operating performance of 84...

Purpose – The purpose of this study is to examine the relationship between regulation of non-bank financial institutions and their risk-taking behaviours in Ghana. Design/methodology/approach – The analysis is performed using data derived from the Bank of Ghana Database during a five-year...

Purpose – The purpose of this paper is to examine the potential effectiveness of government reforms aimed at improving the accuracy of ratings issued by credit ratings agencies in US financial markets. Design/methodology/approach – The paper identifies unconscious bias as a source of...

Purpose – The purpose of this paper is to provide an overview of China's contemporary banking regulatory system, with particular focus on regulatory control of foreign banks trading in China. The paper addresses three aspects of Chinese banking regulation: what does China regulate; why does...