Journal of Financial Regulation and Compliance: Volume 11 Issue 3

Revision of the Investment Services Directive

Jonathan Herbst

The revision of the Investment Services Directive is one of the most significant proposals under the Financial Services Action Plan. Although not likely to be implemented until…

The Investment Services Directive ‐ Routemap or obstacle course?

Angela Knight

The EU’s Financial Services Action Plan (FSAP) which seeks to harmonise financial servicesacross Europe has the potential to bring great benefits to the investment community �…

Individual and corporate compliance competence: An ethical approach

Jonathan Edwards

This paper considers the meaning of the term ‘compliant competent life assurance companies’, within the current regulatory regime. It defines the terms of competence and…

All in the name of competition: European securities exchanges

Paul Arlman

European securities exchanges including futures and options markets as well as cash equity exchanges are liquid, efficient and competitive, while making the most of technology’s…

The Financial Services Authority and credit unions ‐ A new era in regulation?

Nicholas Ryder

This paper examines the regulatory regime of the Financial Services Authority towards the credit union movement in Great Britain as contained in the Credit Union Sourcebook. The…

And then there were four: A study of UK audit market concentration ‐ causes, consequences and the scope for market adjustment

Vivien Beattie, Alan Goodacre, Stella Fearnley

While concentration measures are a good indicator of market structure, the link with competitivenessis more complex than often assumed. In particular, the modern theory of…