Protecting Market Integrity In An Era Of Fragmentation And Cross Border Trading PDF Download
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| Author | : Janet Austin |
| Publisher | : |
| Total Pages | : 54 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download Protecting Market Integrity in an Era of Fragmentation and Cross Border Trading Book in PDF, ePub and Kindle
Stock exchanges and trading on them has changed dramatically in the last few decades as markets for securities have fragmented, trading volumes have escalated and the opportunities to trade in different markets and across international borders has increased. These changes to the markets have been driven principally by a focus on improving market efficiency, liquidity and investor choice rather than protecting the integrity (or fairness) of the markets. Yet some of these changes may have had an adverse impact on market integrity and, in particular, may have increased the ability of market participants to engage in market abuse such as insider trading and market manipulation. In response to these changes, securities regulators have endeavoured to adapt to this new trading environment, but has the reaction of regulators been satisfactory to protect the fairness of markets? This article seeks to explore this question by outlining the changes, considering how they may have impacted upon market integrity and analysing the regulatory response. Finally this article argues that to successfully maintain and improve market integrity considerably more needs to be done to improve the collection, exchange and analysis of information to maintain effective market oversight.
| Author | : Edgardo Rotman |
| Publisher | : Bloomsbury Publishing |
| Total Pages | : 240 |
| Release | : 2021-02-25 |
| Genre | : Law |
| ISBN | : 1509943218 |
Download Regulating Fraud Across Borders Book in PDF, ePub and Kindle
At a time when financial crime routinely crosses international boundaries, this book provides a novel understanding of its spread and criminalisation. It traces the international convergence of financial crime regulation with a uniquely comparative approach that examines key institutional and state actors including the European Union, the International Organization of Securities Commissions, as well as the United States, the United Kingdom, Switzerland, France, Italy and Germany, all countries that harbour some of the most influential stock exchanges in the Western world. The book describes and documents the phenomenon of internationalisation of securities frauds – such as insider trading and market manipulation – and the laws criminalising those acts, most notably those responding to recent dramatic transformations in securities markets, high frequency trading, and benchmark manipulation. At the European level, it shows the progressive uniformisation of laws culminating in the 2014 European Union Market Abuse Regulation. The book argues that criminal prohibitions against internationalised market abuse must be understood as an economic and legal imperative to protect financial markets against activities that imperil its integrity, compromising the confidence of investors and thus affecting the economy as a whole. The book is supported by an extensive review of the most significant scholarship in each country.
| Author | : Lukas Böffel |
| Publisher | : Springer Nature |
| Total Pages | : 439 |
| Release | : 2022-12-30 |
| Genre | : Business & Economics |
| ISBN | : 3031170776 |
Download Digitalisation, Sustainability, and the Banking and Capital Markets Union Book in PDF, ePub and Kindle
This book covers three topics that have dominated financial market regulation and supervision debates: digital finance, sustainable finance, and the Banking and Capital Markets Union. Within the first part, seven chapters will tackle specific questions arising in digital finance, including but not limited to artificial intelligence, tokenisation, and international regulatory cooperation in digital financial services. The second part addresses one of humanity’s most pressing issues today: the climate crisis. The quest for sustainable finance is driven by political actors and a common understanding that climate change is a severe threat. As financial institutions are a cornerstone of human interaction, they are in the regulatory spotlight. The chapters explore sustainability in EU banking and insurance regulation, the interrelationship between systemic risk and sustainability, and the ‘greening’ of EU monetary policy. The third part analyses two projects that have led to huge structural changes in the European financial market architecture over the last decade: the European Banking Union and Capital Markets Union. This transformation has raised numerous legal questions that can only gradually be answered in all their intricacies. In four chapters, this book examines composite procedures, property rights of depositors in banking resolution, preemptive financing arrangements and the phenomenon of subsidiarisation in the context of Brexit. Of interest to academics, policymakers, practitioners, and students in the field of EU financial regulation, banking law, securities law, and regulatory law, this book offers a compilation of analyses on pressing banking and capital markets law problems.
| Author | : Richard E. Baldwin |
| Publisher | : |
| Total Pages | : 112 |
| Release | : 2011-03 |
| Genre | : Business & Economics |
| ISBN | : 9781907142239 |
Download The Collapse of Global Trade, Murky Protectionism, and the Crisis Book in PDF, ePub and Kindle
The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
| Author | : Group of Ten. Committee on Payment and Settlement Systems |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2004 |
| Genre | : Clearing of securities |
| ISBN | : |
Download Recommendations for Central Counterparties Book in PDF, ePub and Kindle
| Author | : Mira Burri |
| Publisher | : Cambridge University Press |
| Total Pages | : 407 |
| Release | : 2021-07-29 |
| Genre | : Business & Economics |
| ISBN | : 110884359X |
Download Big Data and Global Trade Law Book in PDF, ePub and Kindle
An exploration of the current state of global trade law in the era of Big Data and AI. This title is also available as Open Access on Cambridge Core.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 511 |
| Release | : 2019-11-19 |
| Genre | : Business & Economics |
| ISBN | : 1464814953 |
Download World Development Report 2020 Book in PDF, ePub and Kindle
Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
| Author | : Gerard McLinden |
| Publisher | : World Bank Publications |
| Total Pages | : 401 |
| Release | : 2010-11-30 |
| Genre | : Social Science |
| ISBN | : 0821385976 |
Download Border Management Modernization Book in PDF, ePub and Kindle
Border clearance processes by customs and other agencies are among the most important and problematic links in the global supply chain. Delays and costs at the border undermine a country’s competitiveness, either by taxing imported inputs with deadweight inefficiencies or by adding costs and reducing the competitiveness of exports. This book provides a practical guide to assist policy makers, administrators, and border management professionals with information and advice on how to improve border management systems, procedures, and institutions.
| Author | : Jean-Pierre Casey |
| Publisher | : CEPS |
| Total Pages | : 142 |
| Release | : 2005 |
| Genre | : Business & Economics |
| ISBN | : 9290795964 |
Download Europe's Hidden Capital Markets Book in PDF, ePub and Kindle
Assessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.
| Author | : National Intelligence Council |
| Publisher | : Cosimo Reports |
| Total Pages | : 158 |
| Release | : 2021-03 |
| Genre | : |
| ISBN | : 9781646794973 |
Download Global Trends 2040 Book in PDF, ePub and Kindle
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
