Journal of Financial Regulation and Compliance: Volume 6 Issue 1

Direct taxation and bank disclosure in the context of the law of the European Union

Nicholas Dorn, Simone White

Without prejudice to the idea that criminal law should be brought to bear upon tax evasion, in this paper the authors focus on the potential of European Community (EC) law in the…

Regulating financial reporting on the Internet

Roger Hussey, James Gulliford

This paper questions the adequacy of the current financial reporting regulatory system to deal with corporate financial information disclosed on the Internet. The results of a…

The future of regulation of collective investment schemes

Oliver Lodge

Since the Financial Services Act, the regulation of collective investment schemes has evolved. But now, with the merger of regulators, Morgan Grenfell, OEICs and a new UCITS…

Developments in voluntary self‐regulation

Nicola Jamison

This paper examines the swathe of voluntary self‐regulation which affects the day‐to‐day operation of banks' and building societies' retail businesses, especially in the light of…

The marketing of investments

Nicholas Walmsley

The complexity of regulations governing ‘investment advertisements’ is described and their contribution to investor protection discussed.

New opportunities to market investment funds in the USA

Marybeth Sorady

For the sponsor or manager of a non‐US investment fund, the mantle of US laws and regulations surrounding the offering of fund shares to US investors can be mystifying. In an…

Safeguarding investment in Danish mortgage bonds

Jeppe Ladekarl

This paper considers some safeguard measures protecting the investment in mortgage bonds against credit risk. The outset of the discussion is the 200‐year old Danish system of…

The insurance industry and the Financial Services Authority

Mark Boléat

Insurance has been seen as a distinct function and discipline. Over the last few years, market changes have lessened the distinctiveness of insurance. This is being reflected in…

Malik v BCCI SA; Mahmud v BCCI SA

Goff, Mackay, Mustill, Nicholls, Steyn, Joanna Gray

These two appeals arose out of the 1991 collapse of BCCI and were brought by two former employees of BCCI in London who had both lost their jobs as a result of the collapse. Mr…

SIB and SFA consult on the regulatory responsibilities of senior management of firms doing investment business

Joanna Gray

In September 1996 the Securities and Futures Authority (SFA), the self‐regulatory organisation with responsibility under the Financial Services Act 1986 for much of the brokerage…

New developments in the changing structure of financial regulation

Joanna Gray

On 28th October, the SIB changed its name to the Financial Services Authority (FSA). The FSA will exercise all the functions which the SIB had under the Financial Services Act…

Secretary of State for Trade and Industry v Baker & Others

Richard Scott V‐C, Joanna Gray

This case arose from the 1995 collapse of the Barings Banking Group caused by the enormous losses resulting from Nick Lee‐son's unauthorised derivatives trading in Singapore…