Do financial regulation advisors help their clients become more profitable? In this paper, we present a model where financial service firms may add to their own compliance teams or hire outside compliance advisors. We derive the conditions under which a financial services firm will want to hire...

Cover -- Contents -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- OVERVIEW OF THE INSTITUTIONAL SETTING AND MARKET STRUCTURE -- PRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION -- A. Sound and Sustainable Macroeconomic Policies -- B. Well Established Framework for Financial Stability Policy...

Véritable guide sur la prévention du blanchiment et du financement du terrorisme (LAB/CFT), cet ouvrage inédit et très complet réconcilie les obligations de confidentialité aux mesures de transparence imposées au monde bancaire et financier

Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However, the managers were constrained by a variety of rules that...

Minimising Hold Out Creditors : Carrots / Lee Buchheit & Elena Daly -- Minimising Hold Out Creditors : Sticks / Lee Buchheit and Elena Daly -- Manging Hold-outs : The case of the 2012 Greek Exchange / Jeromin Zettelmeyer, Christoph Trebesch and G. Mitu Gulati -- Revisiting the pari passu clause...

For emerging market regulators, shadow banking represents an activity which they must control. For businessmen in economies like Russia, Argentina, Saudi Arabia and Mexico, shadow banking represents an important business opportunity. By extending credit to risky (but promising) activities...

"From 1716 to 1845, the Scottish financial system functioned with no official central bank or lender of last resort, no public (or private) monopoly on currency issuance, no legal reserve requirements, and no formal limits on bank size. In support of previous research on Scottish "free banking,"...