Purpose – There is an emerging consensus that systemically important banks should face stricter regulations and systemic surcharges. To make this latter principle operational the regulator will need to quantify the systemic importance of individual banks. The purpose of this paper is to review...

Purpose – The purpose of this paper is to compare two opposite approaches chosen to regulate an industry. Design/methodology/approach – The approach is based on studying the two selected regulation systems, Basel III and the Eurocodes and identifies how the one system regulates financial...

Purpose – The purpose of this paper is to discuss the judicial review of Financial Services Compensation Scheme's (FSCS) exercise of power to impose compensation costs levy (R v. Financial Services Compensation Scheme Ltd and Financial Services Authority ex parte ABS Financial Planning and...

Purpose – In the recent financial crisis, many observers have assigned monetary policy a central role in the crisis. Specifically, they claim that excessively easy monetary policy by the Federal Reserve in the first half of the decade helped to cause a bubble in housing prices in the USA. The...

Purpose – The primary purpose of the paper is to demonstrate how corporate responsibility and accountability could be fostered through monitoring and the involvement of governments in the regulation of firms. Design/methodology/approach – In considering why practices which stimulate...

Purpose – The purpose of this paper is to discuss the High Court's rejection of claims made against a UK bank by a US-based customer in relation to foreign exchange dealing it carried out as agent for its US affiliate based on common law and breaches of COBS Rules (BankLeumi (UK) plc v....

Purpose – The purpose of this paper is to discuss the Court of Appeal's consideration regarding Lehman Bros International (Europe) (in Administration) (Court of Appeal: Civil Division: Lord Neuberger, Lady Justice Arden and Sir Mark Waller). Date of Judgment: 2 August 2010....

Purpose – This paper aims to explore the factors that affected the voluntary risk-related disclosures (RRD) in the individual annual reports for 2006 of Portuguese banks. It also explores the extent to which those reports conformed to Basel II requirements in terms of the voluntary disclosure...

Purpose – The purpose of this paper is to examine the political influence on the reforms proffered for the banking sector. Design/methodology/approach – The paper is divided into three main parts. First, the paper will examine the background of the financial crisis. The second and main part...

Purpose – The purpose of this paper is to understand the incentive effects of existing compensation mechanisms in case of the bankruptcy of a financial institution. Design/methodology/approach – The paper uses insights of law and economics to predict the effects of compensation mechanisms on...