The proliferation of cryptocurrencies and the remarkable expansion of novel economic practices associated with them pose an unprecedented challenge to established norms of taxation and market regulation. Drawing on two years of fieldwork, surveys, as well as big data analysis of the most...

From employment to education, many areas of our daily lives have gone virtual, including the virtual workplace and virtual classes. By comparison, the way we generate, deliver, and consume electricity is an anachronism. And the electric industry’s outdated business model and regulatory...

Trustworthiness is the core feature of the most productive and effective organizations. While the market value of an economic or business entity would mostly correspond to its trust-equity, however, an erosion of trust-equity will cause the market-value to nose dive. Studies have demonstrated...

Archegos Capital Management, at its height, had $20 billion in assets. But in the spring of 2021, in part through its use of total return swaps, Archegos sparked a $30 billion dollar sell-off that left many of the world’s largest banks footing the bill. Mitsubishi UFJ Group estimated a loss of...

The Financial Conduct Authority (FCA) works in a highly dynamic field; a vast and complex body of provisions apply to financial services. Over the decades, the regulatory framework has also evolved to factor in the UK’s membership of the EU, during which an increasing amount of financial...

Responding to increasingly degrading environmental and social conditions, the European Commission has undertaken important legal and regulatory reforms to promote sustainable finance policy in Europe. However, these reforms have been numerous, complex, and fast-paced. They have proved difficult...

Capital markets are cast as both villain and hero in the climate playbill. The trillions of dollars required to combat climate change leave ample room for heroics from the financial sector. For the time being, however, capital continues to flow readily toward fossil fuels and other...

PurposeThis paper aims to study the effect of the establishment of bankruptcy courts on bond issuance market. This paper helps to predict that the introduction of bankruptcy courts in China can mitigate price distortions caused by the implicit government guarantees and promote the development of...

Recent law reforms in EU sustainable finance have produced countless new regulations and legal requirements. This article claims that these new sustainable finance rules are often complex rules that pose serious compliance problems. At the start of this article, features adding complexity to a...

This document presents a pilot experience for the development of Socially Responsible Investment practices in Bolivia that has involved 53 agricultural and agro industrial business from all over the country. This experience is grounded on the need of complementing the micro financial system in...