Journal of Financial Regulation and Compliance: Volume 7 Issue 3

Highly leveraged institutions: Possible regulatory responses

Jeremy Richardson

The experience of Long‐Term Capital Management (LTCM) demonstrated various ways in which highly leveraged institutions (HLIs) can threaten the stability of financial markets. This…

The emerging market crisis and its aftermath in Latin America

Gustavo Cañonero, Liliana Rojas Suárez

Latin America's contagion from the Asian shock was limited because: a) the region had successfully implemented structural reforms in recent years; b) policymakers acted swiftly to…

Central banks as lenders of last resort: Lessons from the Asian contagion

Rosa Maria Lastra

This paper discusses some of the lessons learnt from the use of the ‘bail‐out’ technique in the financial crises in Thailand, Korea and Indonesia in 1997–8. While the solution to…

The Asian crisis and the process of financial contagion

Franklin Allen, Douglas Gale

Economists have believed for a long time that financial systems are fragile in the sense that small shocks can cause serious disruption. Research has focused on phenomena, such as…

New Zealand's approach to bank supervision

John Turner, Peter Oyelere

In the aftermath of the banking crisis in South‐East Asia, the International Monetary Fund (IMF) has recommended that the South‐East Asian economies adopt several aspects of the…

Supervisory reform in Japan

Maximilian J.B. Hall

Given the current malaise in the Japanese banking sector and the failure of Japanese authorities to take speedy and appropriate action to address the situation, investors'…

Bankers Trust Company and Bankers Trust International plc v PT Jakarta International Hotels & Development

Joanna Gray

During the course of 1997 Bankers Trust International plc (BTI) and the defendant company, PT Jakarta International Hotels & Development (JIHD), entered into a series of seven…

Three Rivers District Council and Others v Governor and Company of the Bank of England

The factual background to this appeal was set out in Vol. 5, No. 1, pp. 70–72 of the Journal of Financial Regulation and Compliance and concerned the 1991 collapse of the Bank of…

Asian Economic Crisis

Martyn Kendrick

For this review, websites that provide relevant and interesting information on the recent Asian economic crisis have been selected. The amount of information available on the Web…