Cyprus is going through an unprecedented banking crisis. What is more detrimental, however, is the fact that its lasting effect and duration are unknown. Some have even argued that it will be worse than the..
IntroductionThe current EU insolvency framework comprises one regulation for general insolvency proceedings and two directives concerning the reorganisation and winding-up of credit institutions and insurance undertakings. Consequently, the EU bank insolvency regime is governed by..
In 2002, Russia, the then Securities Commission, adopted a corporate governance code (the ‘2002 Code’). Now, a new code is being drafted (the ‘Draft Code’).
The new code was drafted under the auspices of the Federal..
Shaky foundationsThe extra responsibilities being taken on by central banks are forcing them to deal with far greater ambiguity than before, demanding fresh thinking and new modes of operation. Central banks are in a state..
Previous articles in Financial Regulation International have looked at how the Bribery Act 2010 has developed, interpretations of the guidance made under it and firms’ fears for the first prosecution for the offence of failing..
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