Journal of Financial Regulation and Compliance: Volume 8 Issue 1

Re‐Regulating banks: The unfinished agenda

Andy Mullineux

It is argued that bank regulation is required to protect depositors who are less risk averse than bank shareholders. The ongoing financial revolution has generally benefited…

Problems and politics of regulatory fragmentation: The case of the Financial Reporting Review Panel and the Institute of Chartered Accountants in England and Wales

Stella Fearnley, Tony Hines, Karen McBride, Richard Brandt

The UK regime for financial reporting and auditing was radically altered in 1990 and 1991 by two separate developments. When removing sole responsibility for setting accounting…

Deposit insurance in theory and practice

Richard Dale

Having been hailed as the most important contribution to stabilising the US financial system after the 1929—33 crash, deposit insurance is now being blamed for financial…

Hong Kong's new compulsory stock borrowing programme

Lynn Bai

The paper discusses the main features of Hongkong Clearing's new ‘compulsory’ stock borrowing programme, the reasons behind its implementation, the risk exposure of lenders and…

Money laundering and the Internet: A challenge for regulation

Rob Jones, Kevin Keasey

This paper examines the potential effects of the Internet and e‐commerce on money laundering activity. Money laundering is a continuing problem both for regulators who are seeking…

Mahon and another v Rahn and others: High Court, Queen's Bench Division: Eady J

Joanna Gray

The claimants in these proceedings were a Mr Patrick Mahon and Mr Andrew Kent. The Defendants were partners in the Swiss Bank of Rahn & Bodmer. At the time in which the events…

Windsor Life Assurance v Mulvaney: Court of Appeal, Civil Division: Henry LJ and Pill LJ

The Defendant, Mr Mulvaney, had been employed by the claimant, Windsor Life Assurance Company Ltd, the appointment being governed by the rules of LAUTRO. He terminated his…

Future legislation affecting financial services

Lucy Inger

The financial services industries is facing a number of important legal developments. The most publicised of these is the coming into force on 1st March, 2000 of the new Data…