Journal of Financial Regulation and Compliance: Volume 5 Issue 2

Comments on the European Commission Green Paper — ‘Financial services: Meeting consumers' expectations’

Marc Dassesse

This paper is a text of the report which the author presented on 6 November 1996, as Reporter for the Financial Services Industry, on the occasion of the hearing organised by the…

Labour's proposals for regulation into the 21st century

Mike O'Brien

It is clear that the regulation of the financial services sector in Britain needs reform. The aim should be to ensure that high standards are maintained and that consumer…

Open‐ended investment companies

Paula Diggle

Parliament has recently approved Treasury legislation defining the structure of the UK‐based open‐ended investment company (OEIC). This paper reports on the changes made in…

Comparison of interim reporting regimes between a mature and an emerging market

Hannu J. Schadewitz, Dallas R. Blevins

Globally, there are more than 16 stock markets that are undergoing drastic enough growth to be considered emerging. These markets possess characteristics very distinct from those…

Training and competence — the compliance officer's perspective

Diana Miller

The purpose of this paper is to examine the importance of the PIA's training and competence requirements as a means by which a company's PIA Compliance Officer can ensure advisors…

The Insurance Ombudsman and payment protection insurance

Peter Hart

Personal general insurance policies are not subject to statutory regulation. There is instead a system of voluntary self‐regulation and the question arises as to the effectiveness…

Identification and verification under the money laundering regulations: Problems with compliance

Richard Stones

The paper analyses the identification requirements imposed on financial institutions by the UK Money Laundering Regulations 1993 and the related guidance given by the Joint Money…

EU directives and their impact on netting

Paolo Clarotti

Nobody disputes the risk‐reducing effect of netting agreements in over‐the‐counter (OTC) derivative contracts. There is an evident interest for banking supervisors to promote such…

Barings plc and another v Coopers & Lybrand and others

Leggatt LJ, Swinton Thomas LJ, Mummery LJ, Joanna Gray

Bishopscourt (BS) Ltd (formerly known as Barings Securities Ltd, BSL) was an indirect subsidiary of Barings plc (the English holding company of the Barings group). BSL and its…

Human rights and the investigation of fraud Saunders v United Kingdom

Joanna Gray

This case arose out of the criminal trial in 1990 of Mr Ernest Saunders, the former chief executive of Guinness plc, on charges of conspiracy, theft and false accounting for his…

R v Institute of Chartered Accountants of England and Wales, ex parte X

J Sedley, Joanna Gray

The Applicant in this case, referred to here as X, was a Chartered Accountant and Fellow of the Institute of Chartered Accountants, a body constituted under Royal Charter.

R v Investors Compensation Scheme Ltd ex parte Gerald Taylor

Staughton LJ, J Tucker, Joanna Gray

Mr Barrett was authorised to carry on investment business under the trading name of Beechcroft by virtue of his membership of FIMBRA. In March 1986 Mr Taylor, the Applicant in…