Showing 1 - 10 of 873
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012290508
1913 casts doubt on the received law and finance wisdom that legally mandated investor protection is pivotal to the …
Persistent link: https://www.econbiz.de/10010286711
successfully oppose corporate governance reforms that would improve investor protection and promote capital market development. In … significant protection of minority shareholders without imposing reform on companies controlled by the established elite. Yet …
Persistent link: https://www.econbiz.de/10009506961
This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking directive up until its most recent developments in...
Persistent link: https://www.econbiz.de/10010372581
This paper examines the origins of investor protection under the common law by analysing the development of shareholder … protection in Victorian Britain, the home of the common law. In this era, very little was codified, with corporate law simply … suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011523499
This paper is the outcome of a related broader project, exploring the explanatory power of the Legal Theory of Finance, which proposes a new institution-based analytical framework for the analysis of phenomena of financial markets. One of its most important theoretical assumptions, the legal...
Persistent link: https://www.econbiz.de/10011526423
This paper examines the origins of investor protection under the common law by analysing the development of shareholder … protection in Victorian Britain, the home of the common law. In this era, very little was codified, with corporate law simply … suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011521411
1913 casts doubt on the received "law and finance" wisdom that legally mandated investor protection is pivotal to the …. -- Regulation ; Financial history ; Law and finance ; initial public offering ; investor protection …
Persistent link: https://www.econbiz.de/10009232393
The concept of regulatory systemic risk – a long-term imbalance, resulting from the misalignment between regulatory initiatives and market realities, that impacts multiple areas of the regulatory framework – is developed in the context of US securities regulation. The discussion offers two...
Persistent link: https://www.econbiz.de/10013128555
This paper is concerned with the allegation that fair value accounting rules have contributed significantly to the recent financial crisis. It focuses on one particular channel for that contribution: the impact of fair value on actual or potential failure of banks. The paper compares four...
Persistent link: https://www.econbiz.de/10013134255