Journal of Financial Regulation and Compliance: Volume 10 Issue 4

Operational risk management for financial institutions

Michael Foot

I have been a regulator now for nine years. But for many years before that, in an explicitly non‐regulatory career at the Bank of England, I was very conscious of the efforts…

Keeping dirty money and terrorist funds away: The proposed Money Laundering Regulation of the Swiss Federal Banking Commission

Eva H.G. Hüpkes

On 9th July 2002, the Swiss Federal Banking Commission (SFBC) published for consultation a proposal for a new SFBC Money Laundering Regulation. The draft regulation proposes…

Risk‐based regulation in the Financial Services Authority

Carol Sergeant

Regulation imposes both direct and indirect costs. Regulators have to be conscious of these costs and the finite resources available to them. The paper outlines the way in which…

Legal and regulatory protections for hedge fund investors

Simon Firth, Alix Prentice

A common perception is that, as investors in hedge funds are afforded a lesser level of legal and regulatory protections than investors in regulated products, there is a…

11th September and revelations from the Enron collapse add to the mounting pressure on offshore financial centres

Jackie Johnson

Offshore financial centres (OFCs) have again come under the spotlight. They have been accused of aiding terrorists by laundering their financial resources, allowing the funding of…

Mindsets and consequences in corporate governance and control: Part 2

Carole Edrich

This paper is the second of two parts that set out to examine some of the current challenges in corporate governance and control. The first part looked at formal requirements and…

Non‐executive directors and the Higgs consultation paper, ‘Review of the role and effectiveness of non‐executive directors’

Kevin Keasey, Robert Hudson

This paper has the objective of reflecting on the role of non‐executive directors (NEDs) in the corporate governance process. The paper reviews the role of NEDs both from an…

Section 20 versus investment house underwriting of small equity initial public offerings in the USA

Nancy L. Beneda

This study examines corporate equity initial public offerings (IPOs) underwritten by Section 20 subsidiaries of commercial banks relative to those underwritten by non‐Section 20…