- Home/Publications/Financial Regulation International
What is the importance of Section 953(b) of the Dodd-Frank Act to investors and boards of directors?
On 6 February 2017, the US Securities and Exchange Commission (SEC) delayed compliance with section 953 (b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)[1] for companies until their first year beginning on or after..
Online Published Date:
10 December 2018
Appeared in issue:
21.08 - 01 October 2018
Financial deregulation under President Trump
At the core of US President Donald Trump’s economic agenda is tax reform, deregulation and a shift away from multilateral to bilateral trade agreements. President Trump’s deregulation of the financial sector has been largely achieved by the passing..
Online Published Date:
10 December 2018
Appeared in issue:
21.08 - 01 October 2018
Assignment of proceeds and transfer in letters of credit, bank payment obligations and demand guarantees
Independent payment obligations, including letters of credit (LCs), bank payment obligations (BPOs) and demand guarantees (DGs) have made a tremendously useful contribution to world trade through their unique features including a documentary or..
Online Published Date:
10 December 2018
Appeared in issue:
21.08 - 01 October 2018
Revisiting corporate governance issues in Nigerian banking: A review of Skye Bank Nigeria Plc
Banking activities in Nigeria have taken a different twist since 1892, which is asserted to be the genesis of contemporary banking.[1] These changes have been centred around regulatory reforms of various kinds. Those innovations were geared towards..
Online Published Date:
10 December 2018
Appeared in issue:
21.09 - 01 November 2018
The regulation of cryptoassets and cryptocurrencies
The UK Treasury Committee has launched an inquiry into digital currencies in order to examine their role in the UK, and to understand the risks and benefits that digital currencies may bring to consumers, businesses and the Government. The paper..
Online Published Date:
10 December 2018
Appeared in issue:
21.09 - 01 November 2018
Enforcement of malus and clawback provisions
The introduction of ex-post risk adjustment mechanisms to variable remuneration schemes of executives and certain employees, so called “malus” and “clawback” provisions, allows financial institutions, under certain circumstances, to reduce deferred..
Online Published Date:
10 December 2018
Appeared in issue:
21.09 - 01 November 2018
Distributed ledger technology and asset securitisation
Technology is one of the main drivers of human development. Society has been witnessing a constant growth of new technological improvements which are affecting the way citizens interact with each other. Following this trend, importance is currently..
Online Published Date:
27 December 2018
Appeared in issue:
21.10 - 27 December 2018
The impact of s53 (1) of BOFIA on the ability to challenge the revocation of a banking licence in Nigeria
The provisions of 53(1) of the Banks and Other Financial Institutions Act CAP B3 LFN 2004 (BOFIA) compel the need to establish bad faith before an action can be brought to challenge the act or omission of the Federal Government, the Central Bank of..
Online Published Date:
27 December 2018
Appeared in issue:
21.10 - 27 December 2018
Section 938 of the Dodd-Frank Act finally called into action: Moody’s and the “Combo Notes”
On August 28 2018, Moody’s settled with the Securities and Exchange Commission for a sum of $16.25 million. This was done to settle charges involving “internal control failures and failing to clearly define and consistently apply credit rating..
Online Published Date:
27 December 2018
Appeared in issue:
21.10 - 27 December 2018
Collections departments need new analytics to deal with IFRS 9
IFRS 9 may be an accounting standard, but its impact extends far beyond accountants. For collectors, it fundamentally changes the way risk is measured, which has ramifications for how to treat delinquent customers and pre-delinquent customers. As..
Online Published Date:
27 December 2018
Appeared in issue:
21.10 - 27 December 2018
2018: Another year, more financial crime prevention requirements
Emma Radmore’s annual update looks back at developments of interest to readers of Financial Regulation International over the past 12 months.It seems as if we are still coming to terms with the changes of 2017 yet must now adapt to more. And all..
Online Published Date:
27 December 2018
Appeared in issue:
21.10 - 27 December 2018