Purpose – The purpose of this paper is to describe how The European Court of Justice's (ECJ) recent judgment in Asnef-Equifax v. Ausbanc has clarified the circumstances in which financial institutions may exchange information regarding the solvency and creditworthiness of their clients without...

Purpose – The purpose of this paper is to outline the objections to terms of FSA decision notice heard by the Financial Services and Markets Tribunal. Design/methodology/approach – The paper outlines the facts surrounding the decision and comments on the ruling. Findings – It was found...

Purpose – This paper aims to investigate the role of the quality of government on financial supervisory structures in different countries. Design/methodology/approach – The objectives are pursued by means of econometric tools based on probit and multinomial logit techniques. Findings – It...

Purpose – This paper seeks to examine the potential for regulation to reduce information asymmetries between firm insiders and outside investors. Design/methodology/approach – Extensive prior research has established that there are substantial effects of information asymmetry in seasoned...

Purpose – This paper seeks to analyse reasons behind the difficulties faced by Northern Rock (NR) and the UK financial system and proposes a return to a more traditional/prudent banking business model, based on a sound balance between sources and uses of funds. Design/methodology/approach –...

Purpose – On 14 September 2007, after failing to find a “White Knight” to take over its business, Northern Rock bank turned to the Bank of England (the Bank) for a liquidity lifeline. This was duly provided but failed to quell the financial panic, which manifested itself in the first...

Purpose – The purpose of this paper is to offer an initial assessment of the Northern Rock (NR) crisis. Design/methodology/approach – The paper describes the context of financial market turmoil and the multi‐dimensional aspects of the crisis. Findings – The central finding of this paper...

Purpose – This paper seeks to examine the potential for regulation to reduce information asymmetries between firm insiders and outside investors. Design/methodology/approach – Extensive prior research has established that there are substantial effects of information asymmetry in seasoned...

Purpose – The objective of this paper is to review Spanish regulatory evolution in the collective investment area, which is very recent in its principal aspects. Design/methodology/approach – The paper assesses the way investment funds are impacted by the Markets in Financial Instruments...

Purpose – The purpose of this paper is to provide a practitioner's guide to mortgage regulation. Design/methodology/approach – The paper explores the mortgage code and the road to statutory regulation. Findings – It was found that the future of mortgage regulation rests partly with those...