Journal of Financial Regulation and Compliance: Volume 5 Issue 4

A guide to rules on electronic communications in the USA

Wesley L. Ringo

The New York Stock Exchange, Inc. (NYSE) and the National Association of Securities Dealers, Inc. (NASD) have proposed changes to their rules regarding the supervision and review…

The impact of electronic trading on regulatory surveillance

Amanda Sherwood

This paper examines the impact of electronic trading on the regulation of the financial services industry and the improvements that are required to the current regulatory…

Electronic commerce and the Single Market in financial services in Europe: What chances for success?

Philip Woolfson

The Single Market in financial services (investment funds, banking, insurance and investment services) has had a long gestation and has been a mixed success. It is now faced with…

Markups in equity securities deemed to be less than active and competitive

John Sergio

Over the last ten or 15 years, there has been a fundamental change in focus in the regulation of the broker/dealer community in the USA. While examination of a firm's net capital…

Managing the firm‐regulator relationship

Gordon McMurray

This paper sets out to examine, on an elemental basis, the key mechanisms and techniques which could be used to build up a management relationship with a firm's regulator. It is…

The prevention and detection of corporate fraud: An assessment of the present framework

W.M. McInnes, J.E. Stevenson

This paper examines the current framework in the UK for the prevention and detection of corporate fraud, in the light of recent figures which demonstrate that losses from reported…

Regulating for the future: Securities regulation in an automated environment

Kristen N. Geyer

Over the past two decades, technology has revolutionised the way securities are traded. The high‐speed communications, automated execution and borderless trading made possible by…

Cross‐border regulatory issues achieving good compliance in an international environment

Fiona Fry

IMRO's disciplinary action against Jardine Fleming in the summer of 1996 demonstrated the problems and dangers associated with the operation and control of delegates, particularly…

Strategies for ensuring compliance with the AB1 code of practice for the selling of general insurance

Roger Salt

The ABI code of practice for the selling of general insurance was first introduced in 1981 and has been refined over the years to meet the needs of consumers. It seeks to reflect…

The Securities and Investments Board v Scandex Capital Management A/S & Jeremy Bartholomew‐White

J Carnwath, Joanna Gray

The first Defendant, Scandex Capital Management A/S, (Scandex) was a Danish company, now in liquidation, of which the second Defendant, Mr Bartholomew‐White was managing director…

BCCI International (Overseas) Ltd and Price Waterhouse, Ernst & Whinney, and Abu Dhabi and the Bank of England

J Laddie, Joanna Gray

This application arose against the factual background of the ongoing litigation being brought by BCCI liquidators against the former auditors of the various BCCI companies. The…

NM Financial Management Ltd v Marshall

Butler‐Sloss LJ, Millet LJ, Thorpe LJ, Joanna Gray

Both the facts giving rise to this appeal and the first instance decision are considered in detail in Vol. 4, No. 4 Journal of Financial Regulation and Compliance, p. 397. The…

Investors Compensation Scheme Ltd v West Bromwich Building Society

Goff, Lloyd, Hoffman, Hope, Clyde, Joanna Gray

These are set out in the earlier comment on this case when it arose at first instance and was considered in Vol. 5, No. 1, Journal of Financial Regulation and Compliance, p. 78…