Journal of Financial Regulation and Compliance: Volume 8 Issue 2

Fitness and propriety in financial services in the 21st century

John Virgo, Philip Ryley

‘Fitness and propriety’ is a key qualifying condition of authorisation under the Financial Services and Markets Bill. Blandly stated, it is probably uncontroversial as a condition…

Proposals for the regulation of statutory audit in the European Union: A commentary

Ian P. Dewing, Peter O. Russell

For more than two decades the framework governing the statutory audit of companies within the European Union (EU) has been the subject of debate and reform. Significant progress…

Deposit insurance: Is it a plausible option for the Eastern Caribbean Currency Union?

Tracy D. Polius, Amos C. Peters

This paper examines the structure of the financial system in the Eastern Caribbean with a view to determining whether deposit insurance is a feasible alternative. It is argued…

Insurance contract law and regulation and competition in the UK insurance industry: The missing link

Lisa Martine Bowyer

With all the events surrounding the setting up of the new Financial Services Authority, the issue of insurance contract law reform has yet again fallen by the wayside. These two…

Early warning systems: Helping to steer a safer course

Allan Smith

In this paper, the author examines the steps that Barclays Retail Financial Services has taken over the last few years to help identify potential risk to investors at an earlier…

Banking regulation in an era of structural adjustment: The case of Nigeria

Chibuike Ugochukwu Uche

Prior to the 1986 adoption of the Structural Adjustment Programme (SAP) in Nigeria, the government was the main player both in the practice and regulation of banking in the…

Desired vis‐à‐vis required interim disclosures

Hannu J. Schadewitz, Antti J. Kanto, Hannu A. Kahra, Dallas R. Blevins

This study compares those interim disclosures that managers desire to make with those they are required to make. Managers and regulators agree on the optimal degree of disclosure…

From ‘effects‐based’ regulation to a return to the reasonableness standard?

Joanna Gray

The day‐to‐day stuff of regulatory compliance is far more complex, less mechanistic and literal than it might seem. Principles, rules, guidance, relations with regulators are all…