Purpose – The financial crisis 2007-2009 calls for a regulatory response. A crucial element of this task is the treatment of systemic risk. Basel III gains centre stage in this process. Thus, the purpose of this paper is to evaluate Basel III, examining its ability to reduce systemic risk....

Purpose – The purpose of this paper is to expose inefficient regulatory policies and organizational weaknesses at the Securities and Exchange Commission (SEC) that have contributed to a series of regulatory oversights that have produced some of the largest fraud schemes perpetrated on...

Purpose – The purpose of this paper is to underscore the current supranational anti-money laundering (AML) regimes articulating challenges of harnessing them as a robust framework. Some aspects of the above framework are created under the auspices of the United Nations treaties, some are...

Purpose – The purpose of this paper is to explore the prospects for and some foreseeable consequences of more intensive enforcement action against insider trading in the context of the UK, within the EU and international contexts. Design/methodology/approach – The approach adopted is...

Purpose – The purpose of this paper is to examine the financial risks posed by energy and environmental markets and how these risks are addressed by current regulatory regimes and legislation. This assessment should be of interest to academics, practitioners, regulators and policymakers....

Purpose – Governments of many developed and developing countries have designed and implemented various financial reforms to enable the sector to play the role of efficient financial intermediation, thereby helping to bolster economic growth and development. The purpose of this paper is to...

Purpose – The purpose of this paper is to provide an overview of current progress in financial sector reform and outline some of the remaining challenges. Design/methodology/approach – The paper presents an analytical survey of recent developments. Findings – The reform agenda is broad,...

Purpose – The aim of this paper is to identify the major determinants of bank asset quality in an era of regulation-induced industry consolidation, using the Nigerian case to demonstrate how consolidation can heighten incidences of non-performing credits in a fragile banking environment....

Purpose – The purpose of this paper is to discuss R (on the application of British Bankers Association) v. Financial Services Authority and another (Queens Bench Division: Administrative Court: Mr Justice Ouseley). Date of Judgment: 20 April 2011. Design/methodology/approach – The paper...

Purpose – Financial globalization and global imbalances are two facets of the same phenomenon, which has resulted in the worst global economic and financial crisis since the Great Depression. The purpose of this paper is to analyze the complex interaction of several mutually reinforcing trends...