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This article seeks to contribute to the discussion concerning the adequacy of the legal responses to conflicts of interest in institutional asset management. After defining the legal concept of a conflict of interest in general, the insights of economic theory, especially agency theory, are...
Persistent link: https://www.econbiz.de/10012734917
This paper shows that current corporate and securities law requires issuers, depository banks and shareholders to interact in order to enable the exercise of shareholder rights. Modern corporate law must be interpreted as three-party, rather than two-party relationship. Accepting the triangle of...
Persistent link: https://www.econbiz.de/10012736064
Treasury trade organizations report a sharp increase in demand of corporations wanting to manage their credit bank … relationships. In doing so, these companies seek to understand the risk adjusted capital that credit banks must reserve against … their fee based and credit based business, and the estimated return that the banks earn on this risk adjusted capital …
Persistent link: https://www.econbiz.de/10012773646
, misleading customers with weaker credit. In addition, TILA does not require lenders to reveal binding prices until closing … permit meaningful comparison-shopping and promote price competition in the subprime mortgage market …
Persistent link: https://www.econbiz.de/10012778926
congressional rescue.By enacting a workable insolvency mechanism, Congress could avoid using public money or credit to rescue a …
Persistent link: https://www.econbiz.de/10012784568
principal residences. A bankrupt debtor who wishes to keep her house must pay the mortgage according to its original terms down … to the last penny. As a result, many homeowners who are unable to meet their mortgage payments are losing their homes in ….This Article empirically tests the economic assumption underlying the policy against bankruptcy modification of home-mortgage …
Persistent link: https://www.econbiz.de/10012759655
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10012719381
The authors analyze changes resulting from impacts of the globalization process and the crisis on the financial markets, particularly on the conservative insurance sector, which is forced to accelerate the dynamics of structural changes. The adequacy of the current regulatory measures for the...
Persistent link: https://www.econbiz.de/10010860154
This paper analyses the emerging international supervisory regime for banking institutions that operate on a transnational basis. It focuses on the basle framework as an institutional regime of norms and principles that govern international financial relations amongst the g10 countries. This...
Persistent link: https://www.econbiz.de/10005813011
The process of legalization and the role of international soft law in developing international banking supervisory standards are extremely important for assessing the feasibility of establishing effective international rules for banking supervision. This paper analyses the concept of...
Persistent link: https://www.econbiz.de/10005688022