Purpose – The purpose of this paper is to explore the prospects for and some foreseeable consequences of more intensive enforcement action against insider trading in the context of the UK, within the EU and international contexts. Design/methodology/approach – The approach adopted is...

Purpose – The purpose of this paper is to provide an overview of current progress in financial sector reform and outline some of the remaining challenges. Design/methodology/approach – The paper presents an analytical survey of recent developments. Findings – The reform agenda is broad,...

Purpose – A regulatory wave will follow the current financial turmoil. The purpose of this paper is to warn that although new regulation is necessary, there is a danger of strangulation of the financial market which can only be avoided with a paradigm shift in the way data are collected and...

Purpose – Nowadays, a very interesting issue that matters both to academics and practitioners is the necessity and/or the usefulness of financial market regulation. This topic has many alternative dimensions, one of which concerns the derivative listing process. The main objective of the...

Purpose – The purpose of this paper is to examine the appropriateness and effectiveness of using the right of private action against perpetrators of market manipulation. Design/methodology/approach – The author examines legislation in the USA, which gives victims the right to pursue private...

Purpose – The purpose of this paper is to assess the outcome of European Union (EU) deregulation and competition policies on the competitive conditions of the main EU banking markets. Design/methodology/approach – After a review of deregulation and competitition policies in the EU banking...

Purpose – The purpose of this paper is to offer an initial assessment of the Northern Rock (NR) crisis. Design/methodology/approach – The paper describes the context of financial market turmoil and the multi-dimensional aspects of the crisis. Findings – The central finding of this paper is...

Purpose – This paper aims to trace the evolution of Indian financial market structure and regulation, in the broad dialectic sense and to suggest a consolidated, holistic regulatory model. Design/methodology/approach – The paper sketches the evolution of Indian financial market structure and...

Purpose – The growth of the commodities markets and the increasing investment by non-traditional market participants, such as pension and hedge funds, has come to the attention of the Financial Services Authority (FSA), which has shown growing concern over the risks and challenges faced by all...

Purpose – The debate over the possible extension of transparency regulation in Europe to include sovereign bonds has opened up a number of other issues in need of serious consideration. One such issue is the appropriateness of the entire infrastructure supporting the trading of European...