Blockchain is a technology that will change the relationships between the different actors in society, individuals, companies and administration, in aspects as important as taxation, by implementing concepts such as Self-sovereign identity (SSI) and Smart Contracts; which support, for example,...

Blockchain is a technology that will change the relationships between the different actors in society, individuals, companies and administration, in aspects as important as taxation, by implementing concepts such as Self-sovereign identity (SSI) and Smart Contracts; which support, for example,...

The activity to prevent embrittlement sustainability of public finances should manifest itself permanently, regardless of economic circumstances - national or European. This, more so as it was set by the Stability and Growth Pact (SGP), which introduces new rules on fiscal policy. Regulations...

Objectives-based legislation – or laws which focus on achieving particular and concrete outcomes – has become a new and important tool that financial sector regulators use to tackle large and varied financial system risks. Yet, objectives-based legislation – and the frequent...

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...

Objectives-based legislation - or laws which focus on achieving particular and concrete outcomes - has become a new and important tool that financial sector regulators use to tackle large and varied financial system risks. Yet, objectives-based legislation - and the frequent principles-based...

Objectives-based legislation – or laws which focus on achieving particular and concrete outcomes – has become a new and important tool that financial sector regulators use to tackle large and varied financial system risks. Yet, objectives-based legislation – and the frequent...

Financial relations are defined as a set of social relationships, having economic features, arising from the realization and distribution of monetary resources necessary for carrying out the tasks of the state. There is a close relationship between the development of financial relationships and...

This paper elaborates key findings of the Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision by Italy. The core supervisory process at the Banca d’Italia (BI) is strong, and it has a well-defined and integrated supervisory approach. BI is well...

Customs payments play special role in the economy of the Russian Federation. They composed just over 50 percent of the total budgetary income on the eve of the Russian Federation’s entry into the EurAsEC Customs Union. The article considers the changes which occurred in the legal base of...

статья посвящена определению понятия принципов финансового права. Выработка данного понятия произведена в результате исследования наиболее важных свойств...

Today, as we know, credit takes the form of a loan of money to be returned in a future period established in the loan agreement, which is a document under private signature. Credit operation is also considered to be the operation we take into possession resource using as payment a sum of money...

After the beginning of the financial crisis, the topic of tax havens has been emphasized as priority and put back in financial and economical debate. The participating countries requested update of the ''black list of tax havens” in Europe, some voices calling for the addition of Switzerland....

The goal of the paper is to define the issue of central banking in the rule of law context in the Czech Republic. The paper deals both with the legislative framework during the creation of Czechoslovak sovereign monetary policy after the year 1918 and legislative framework of modern central...

The „judicial phenomenon” which regulates the sphere of public finances, the complex problems raised through it, accentuates the dynamics of this domain which had developed intensely among the years. Today the existence of financial law is an unquestionable reality, but by its outlining as...

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...

An evaluation of observance of good transparency practices relating to banking supervisory and regulatory policy was carried out as part of the Financial Sector Assessment Program (FSAP) against the IMF Code of Good Practices on Transparency in Monetary and Financial Policies. It also provides...

The Detailed Assessments of the Observance of Standards and Codes on France reviews compliance with Basel Core Principles for effective banking supervision. The French insurance market is notable for its broad range of distribution channels, which include tied agents, insurance brokers, salaried...

The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering inflation, and narrowing the current account deficit. The stabilization effort was supported by...

This report on the offshore financial center program contains technical advice and recommendations given by the staff team of the International Monetary Fund in response to Liechtenstein’s request for technical assistance. It provides detailed assessment of observance of the Basel Core...

The paper outlines a general framework for statistical legislation. The implications of statistical legislation for the whole statistical system, as well as for centralized versus decentralized statistical systems, are addressed. The general framework is spelled out by identifying "essential"...

Many official groups have endorsed the wider use by emerging market borrowers of contract clauses which allow for a qualified majority of bondholders to restructure repayment terms in the event of financial distress. Some have argued that such clauses will be associated with moral hazard and...

El objetivo de este trabajo es el análisis matemático-financiero de algunas condiciones necesarias que han de verificar las leyes financieras dinámicas que son favorables, desfavorables o indiferentes a la escisión del plazo temporal. Teniendo en cuenta que la exigencia de continuidad en la...

El objetivo de este artículo es generalizar la escindibilidad de las leyes financieras para toda operación asociativa y cancelativa entre expresiones, racionales o no, de estas leyes. Como caso particular, tenemos la escindibilidad en producto de la ley y en suma del interés, introduciendo,...

This paper shows that the concept of financial law has the structure of automaton. It is then shown that the financial law impose a group structure to the monoid of automaton and there are obtained, in natural way, the concepts of stationary, stationary of order n and dynamic financial laws,...

En este trabajo se relacionan funciones de distribución de variables aleatorias que se concentran a la izquierda de un punto con leyes financieras de descuento, de manera que la tasa de fallo de una variable alcatoria coincida con la tasa o tanto instantáneo de la ley financiera,...

En este artículo se describen los sistemas financieros como familias de leyes financieras indizadas en el conjunto de los números enteros positivos, utilizando como herramienta el concepto algebráico de autómata. Se introducen dos tipos de sistemas financieros: los sistemas simplemente...