Concerns arising out of the systemic risks associated with ‘shadow banking' are inherently global in nature as a result of the interconnectedness of shadow banking activities across different jurisdictions and markets. Yet, despite ongoing efforts, it remains very difficult to achieve global...

The enactment of the civil penalty regime in 1993 introduced a new approach to the enforcement of directors' duties by statutory agencies in Australia. The policy considerations that led to the regime, and which continue to inform current policies on corporate law enforcement, require that:...

This article presents the results of a detailed comparative empirical study of sanctions imposed for insider trading in Australia, Canada (Ontario), Hong Kong, Singapore, the United Kingdom, and the United States. The comparative study is based on a dataset of a significant size, scope and...

This paper explores important issues relating to regulatory coordination and integration in the international financial system. Coordination in a regulatory context refers to coordination between regulators in different jurisdictions to achieve desired regulatory outcomes, including effective...

The authors examine the behaviour and attitudes towards superannuation of 25-34 year old Australians. The results of the survey suggest they are generally uninterested in their superannuation accounts. They seldom read the information provided by their funds, rarely change their fund, and a...

The last two decades have seen an increasing number of jurisdictions adopting the ‘twin peaks' model of financial regulation. Since it was pioneered in Australia, the model has been adopted by the Netherlands, Belgium, New Zealand and the United Kingdom. South Africa is currently in the...

Australian corporate law has been the subject of significant reform. This includes: (a) increased duties imposed upon company directors; (b) regulation of transactions between public companies and their related parties; (c) increased disclosure requirements for public companies; (d) new...

In this paper the authors utilise leximetric analysis, which involves the numerical coding of the strength of formal legal protections, to document changes in the level of worker protection and shareholder protection in six countries (Australia, France, Germany, India, the United Kingdom and the...

The authors examine the influence of behavioural research upon economic policy-making, as it relates to the regulation of consumer credit and consumer financial services. Using the examples of credit cards in the United States and Australia, and retirement savings' infrastructure in the United...

Increased attention is being given to the enforcement of insider trading laws. In this paper the authors present the results of an empirical study of the enforcement of Australian insider trading laws since the first enforcement case in 1973. The issues examined by the authors include (a) the...