The aim of the bail-in proposal is that governments should have an alternative option to taxpayer-funded rescues of systemic banks.

Algorithmic trading – where two computer programs deal directly with each other – is a commonplace of modern securities trading. However, in general such trading occurs subject to exchange rule books, or under framework contracts, which establish the legally binding nature of such...

Financial capital regulation drives almost every aspect of the financial markets, from the structures of financial groups and the way they raise capital, as well as the development of investment structures and financial engineering such as derivatives, securitizations, structured finance, credit...

Purpose – The purpose of this paper is to analyze causes and regulators' responses to the current international financial market crisis. Design/methodology/approach – The paper discusses warning signs of the crisis in world financial services markets, principal underlying problems that have...

Purpose – The aim of this paper is to discuss the implications of the UK Financial Services Authority (FSA) January 25, 2011 discussion paper, DP11/1 Product Intervention. Design/methodology/approach – The paper discusses the FSA's previous regulatory approach; the limited usefulness of...