The paper examines the concepts of time and space compression brought about by the process of globalization, and its implications for the securities industry.

Proposals and recommendations have been made in a number of reports in an attempt to encourage firms to adopt of "best practice", as identified by the Group of Thirty, through public disclosure requirements and rules for determining the amount of regulatory capital to support trading and...

This paper provides an introduction to a form of financial innovation which is the relatively recent phenomenon of asset backed securisation (ABS). An overview of the related issues and importance of this trend towards asset backed securisation in the UK by financial institutions is provided....

The fundamental financial instrument approach of the FASB proposes that a compound instrument, such as a convertible bond, can be understook as being made up of fundamental financial instruments. Two methods of accounting for a convertible bond are seen as consistent with this approach: (a)...

The debate about the taxation of share options is not new. In fact there is a sense of deja vu about many of the arguments made by various parties following the Chancellor's announcement of abolish income tax relief on share options.

This paper sets out to determine what is the strategic positioning of the Spanish Savings Banks, on the basis of published financial information.