Abstract Proponents of liberal economic policies in the financial market often refer to the moral and economic authority of Adam Smith, the founder of economics as a science, to add weight to their recommendations. They think, they can do so, because Adam Smith is in these circles considered a...

In 2014, a union of German research organizations established Projekt DEAL, a national-level project to negotiate licensing agreements with large scientific publishers. Negotiations between DEAL and Elsevier began in 2016, and broke down without a successful agreement in 2018; during this time,...

Purpose – The purpose of this paper is to explain how a large UK care‐home group uses e‐learning to ensure that its 4,000 employees, of widely varied backgrounds and academic ability, are fully trained to comply with legal requirements and provide residents with high‐quality care....

Purpose – To describe how the role of the compliance function and the compliance officer originated in the UK, how it has evolved over the past 20 years, how boundaries are defined for the compliance function's areas of responsibility, and how the compliance function is expected to change over...

Purpose – This paper sets out to assess the role of the chief compliance officer (“CCO”), how the CCO performs his/her duties, and how the CCO interacts with the fund's board three years after the adoption of Rule 38a‐1 under the Investment Company Act of 1940....

Purpose – This paper seeks to recommend a way for the compliance function to identify, monitor, and report the risks it faces to the firm's management. Design/methodology/approach – Outlines the principal challenges in setting up a risk reporting system and recommends a three‐phase...

Purpose – The purpose of this paper is to assist investment company managers in proactively navigating the risky and ever‐changing market and regulatory environment and to provide an outline for a flexible and robust risk‐based compliance management methodology. Design/methodology/approach...

Purpose – New regulatory initiatives, principally MiFID and RegNMS, challenge wholesale financial firms to prove that they can provide best execution for their clients. This article aims to outline the background to the problem and suggest that current research into SVM/DAPR applications may...