Australian state and federal governments have historically been at the forefront of developing innovative international policy and regulatory solutions to emerging technologies. Assisted reproductive technologies and genetically modified organisms are two prominent examples here. The question of...

Attention has become one of the most scarce—and therefore most valuable—assets in modern economies. Humans now trade vast amounts of attention each day in exchange for an ever-growing variety of digital products and services. The global coronavirus pandemic drastically accelerated the...

This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It focuses on (1) behavioral effects of norms (social, legal,and market); (2) behavior of others (internalization, identification, and compliance); and(3) psychological biases. It...

Since early 2009, electricity and gas distribution in Germany has been subject to incentive regulation designed to ensure greater efficiency in electricity and gas grid operation. However, it remains to be seen how changes to the regulatory framework will affect the investment behavior of...

Seit Anfang 2009 unterliegt die Energieversorgung in Deutschland der Anreizregulierung, durch die ein effizienter Betrieb von Strom- und Gasnetzen sichergestellt werden soll. Unklar ist allerdings, wie sich die veränderten regulatorischen Rahmenbedingungen auf das Investitionsverhalten der...

Purpose – The purpose of this paper is to summarize recent draft amendments to the German Investment Act as reflected in the second Draft dated 2 April 2007. Design/methodology/approach – The paper summarizes proposed changes in regulations for investment companies and product‐related...

Purpose – The aim of this paper is to provide excerpts of selected NASD actions in April, May, and June 2007. Design/methodology/approach – The paper provides excerpts from NASD Notice to Members 07‐16, Frequently Asked NASD Financial and Operational Questions; 07‐17, NASD and NYSE Joint...

Purpose – This paper aims to provide an update on the mutual fund industry about new brokerage review responsibilities for directors of mutual funds. Design/methodology/approach – The paper carefully reviews the SEC release proposing the Guidelines, including the appendices to the Release....

Purpose – This paper aims to explain the rules recently adopted by the Securities and Exchange Commission under the provisions of the Dodd‐Frank Wall Street Reform and Consumer Protection Act relating to the increased asset threshold for federal registration as an investment adviser, the new...