Search results

1 – 10 of 348
Content available

Abstract

Details

Journal of Financial Regulation and Compliance, vol. 15 no. 3
Type: Research Article
ISSN: 1358-1988

To view the access options for this content please click here
Article

Richard Burger and George Davies

This paper summarises the FSA's enforcement action taken to date under the market abuse regime and considers how the implementation of the Market Abuse Directive (‘MAD’…

Abstract

This paper summarises the FSA's enforcement action taken to date under the market abuse regime and considers how the implementation of the Market Abuse Directive (‘MAD’) will affect the work of city compliance officers. In particular, this paper focuses on the new requirement for the regulated sector to make suspicious transaction reports in respect of market abusive behaviour as well as considering how the newly revamped market abuse regime will sit alongside the criminal offence of insider dealing.

Details

Journal of Financial Regulation and Compliance, vol. 13 no. 4
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Peng S. Chan

Examines the key elements that are involved in managing successfulturnarounds. An analysis of the turnaround strategies of more than tenglobal companies revealed that…

Abstract

Examines the key elements that are involved in managing successful turnarounds. An analysis of the turnaround strategies of more than ten global companies revealed that these strategies incorporated similar sequential processes: identification of problem and need for change; replacement of incumbent CEO; major cost‐cutting attempts; refocusing on core businesses, and reinvesting for the future.

Details

Management Decision, vol. 31 no. 3
Type: Research Article
ISSN: 0025-1747

Keywords

To view the access options for this content please click here
Article

Richard Burger and George Davies

The purpose of this paper is to describe the ramifications of the UK Extradition Act of 2003 in the light of the extradition of the “Nat West Three” to the USA.

Abstract

Purpose

The purpose of this paper is to describe the ramifications of the UK Extradition Act of 2003 in the light of the extradition of the “Nat West Three” to the USA.

Design/methodology/approach

The paper briefly outlines the background to the case and discusses British extradition arrangements.

Findings

The increasing harmonization of regulation and co‐operation between enforcement agencies across international borders, combined with the increasing criminalization of regulatory breaches has made the risk of extradition all too real for city professionals.

Originality/value

The paper highlights changes to UK extradition procedures and the implications for white collar crime.

Details

Journal of Financial Regulation and Compliance, vol. 14 no. 4
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Samantha Hatt and Richard Burger

The purpose of this paper is to consider the outcome of the Financial Services Authority (FSA)'s first ever contested criminal prosecution of company directors accused of…

Abstract

Purpose

The purpose of this paper is to consider the outcome of the Financial Services Authority (FSA)'s first ever contested criminal prosecution of company directors accused of making misleading statements to the market.

Design/methodology/approach

The paper reviews the trial and the comments of the trial judge and court of appeal on sentence and confiscation.

Findings

This case shows the FSA's willingness to prosecute significant cases of market misconduct and how seriously the courts consider such behaviour.

Originality/value

This paper will be of interest to the directors and officers of listed companies, their professional advisers and regulatory lawyers.

Details

Journal of Financial Regulation and Compliance, vol. 15 no. 1
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Richard Burger

The purpose of this study is to consider the case of Sean Pignatelli and consider surrounding commentary on the misuse of market information.

Abstract

Purpose

The purpose of this study is to consider the case of Sean Pignatelli and consider surrounding commentary on the misuse of market information.

Design/methodology/approach

The paper reviews the Financial Services Authority's (FSA) Final Notice and related publications.

Findings

The paper finds that there may be limitations to the use of the market abuse regime and therefore the FSA may consider the greater use of Principles to “punish” those who engage in market misconduct.

Originality/value

This study will be of interest to approved persons, compliance officers and regulatory lawyers.

Details

Journal of Financial Regulation and Compliance, vol. 15 no. 3
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Richard Burger and William Dodsworth

This paper seeks to consider the first ever report by the National Audit Office (NAO) on the economy, efficiency and effectiveness of the Financial Services Authority (FSA).

Abstract

Purpose

This paper seeks to consider the first ever report by the National Audit Office (NAO) on the economy, efficiency and effectiveness of the Financial Services Authority (FSA).

Design/methodology/approach

This paper reviews the NAO's report and the FSA's response.

Findings

The paper finds that the majority of the NAO's findings and recommendations have been accepted and incorporated into the FSA's planning.

Originality/value

This paper will be of interest to regulated firms and regulatory and public law lawyers.

Details

Journal of Financial Regulation and Compliance, vol. 15 no. 4
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Richard Burger

To consider the recommendations made by the Financial Services Authority (FSA) enforcement process review (the review).

Abstract

Purpose

To consider the recommendations made by the Financial Services Authority (FSA) enforcement process review (the review).

Design/methodology/approach

This paper has considered the concerns raised by the Financial Services and Markets Tribunal in the Legal & General case, the reaction of the FSA to those concerns and the terms of reference for the review, plus the impact of the review's 44 recommendations.

Findings

That the recommendations will bring greater transparency to the FSA's process of investigating regulatory breaches and taking enforcement action against firms and individuals, although it may take some time for the regulator and the city to adapt to the revised enforcement process.

Originality/value

This paper will be of interest to firms and individuals in the regulated sector and regulatory lawyers interested in the FSA's enforcement process.

Details

Journal of Financial Regulation and Compliance, vol. 14 no. 1
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Richard Burger and Samantha Hatt

The FSA Financial Crime Sector Leader, Philip Robinson, outlined the FSA's new policy on fraud within the regulated sector in his October 2004 speech. The FSA subsequently…

Abstract

Purpose

The FSA Financial Crime Sector Leader, Philip Robinson, outlined the FSA's new policy on fraud within the regulated sector in his October 2004 speech. The FSA subsequently undertook a review of 16 regulated firms and how to prevent and detect fraud. This paper considers the findings of the FSA's Firm's High‐Level Management of Fraud Risk Report and the reference to financial crime in the FSA's recent Financial Risk Outlook 2006 and Business Plan 2005/2006.

Design/methodology/approach

The topic has been approached to consider the development of the FSA's policy on fraud with reference to speeches and policy documents.

Findings

That financial crime is a significant threat to the financial services sector. Firms have taken proactive steps to tackie fraud, but more can be done. The 2006 may see greater focus by the FSA on firms' anti‐fraud measures.

Originality/value

In examining the FSA's policy on anti‐fraud management this papers seek identify what the FSA requires from firms in terms of anti‐fraud measures. This paper should be of interest to compliance officers, MLRO Officers, fraud investigators and regulatory lawyers.

Details

Journal of Financial Regulation and Compliance, vol. 14 no. 3
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article

Muzaffar A. Shaikh and Behram J. Hansotia

With the advent of fierce international competition in today's industrial business environment, it has become imperative for companies to reevaluate the cost/price/value…

Abstract

With the advent of fierce international competition in today's industrial business environment, it has become imperative for companies to reevaluate the cost/price/value relationship of their products. In particular, highly competitive products require much closer attention to and control of the cost/price/value relationship to ensure continuing profitability. This paper examines one such product in an actual industrial setting (pseudonyms have been used to maintain data confidentiality) using a rather comprehensive conceptual framework based on Market Structure Analysis concepts. The proposed framework basically represents the industrial buying decision process which is both multiattribute and multiagent in nature. As pointed out by Sheth (1973) and Choffray and Lilien (1980), these industrial decision processes tend to become extremely complex due to heterogeneity among decision makers.

Details

International Marketing Review, vol. 2 no. 1
Type: Research Article
ISSN: 0265-1335

1 – 10 of 348