failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these … contexts. In federal securities regulation, the EMH has offered a theoretical construct to accompany the general belief in the …

This paper focuses on the impact of financial market infrastructures (FMIs) and of their regulation on the post … FMIs, and focuses on the dichotomy between the ‘systemic risk’ and ‘transaction costs’ approaches to financial markets and … FMIs regulation. By reviewing the current move from ‘private’ markets to ‘public’ markets internationally, and with respect …

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 … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …

banks, other authors, among whom Ross Levine and his co-authors from the World Bank, question heavily the present banking …

ownership. Where the corporate governance system can be seen to support partnership, it is in conjunction with market regulation …

creditors, and integrates bank regulation into the concept of debt governance. The empirical section surveys the extant …This essay discusses the corporate governance of banks. Bank managers must balance competing demands from shareholders …) and regulators (debt governance) can meaningfully coexist in their quest to guide and constrain bank managers. …

Capital Accord relating to the prudential regulation of banks, which was followed in July 2003 by the EU Commission’s draft … consultative process both organisations expect comments from the players affected by the new capital regulation, thus from the … central banks of each country as well. The significance of the new capital regulation is underlined by the fact that the Basel …

The article surveys the establishment of a legislative framework providing for banking regulation in Czechoslovakia … during 1918?1938. The state intervened in bank sanitation twice during economic recessions in the early 1920s and 1930s. The … the internal organization of banks, compelled personal responsibility on the part of bank management, protected creditors …