Who Rights Wrongs Better? The Sheriff or the Bounty Hunter
Originally Published:
Thursday, March 1, 2012
Michael Legg of the CLMR argues that class actions undesirably substitute private for public law enforcement.
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Delaware Chancery Court Scolds Goldman Sachs for Conflicts of Interest (Again)
Chancellor Leo Strine of the Delaware Chancery Court has had enough of Goldman Sachs' disregard for the M&A rules everyone else plays by.
Originally Published:
Wednesday, February 29, 2012
ASIC Releases Policy on Enforcement and Investigations
ASIC today released policy documents discussing how it undertakes investigations and enforcement activity.
Originally Published:
Monday, February 20, 2012
ASIC Supervision of Markets and Participants (July - Dec 2011)
This report summarises key operational statistics and outcomes of ASIC’s market and participant supervisory functions in relation to ASX, ASX 24 and other Australian market licensees for the period 1 July 2011 to 31 December 2011.
Originally Published:
Tuesday, February 7, 2012
New York Times Reports that SEC Is Avoiding Tough Sanctions For Large Banks
The New York Times reports that even as the Securities and Exchange Commission has stepped up its investigations of Wall Street in the last decade, the agency has repeatedly allowed the biggest firms to avoid punishments specifically meant to apply to fraud cases.
Originally Published:
Friday, February 3, 2012
CPSS-IOSCO Publishes Final Report on Requirements for OTC Derivatives Data Reporting and Aggregation
The International Organisation of Securities Commissions and the Committee on Payment and Settlement Systems have published a final report on over-the-counter derivatives data that should be collected, stored and disseminated by trade repositories.
Originally Published:
Tuesday, January 17, 2012
European Securities and Markets Authority Annual Report on the Application of the Credit Rating Agencies Regulation
From 1 July 2011, the European Securities and Markets Authority was given exclusive responsibility for the registration and supervision of credit rating agencies in the EU. ESMA has published its first Annual Report on the Application of the Credit Rating Agencies Regulation.
Originally Published:
Thursday, January 12, 2012
Financial Services Authority Consults on Raising Consumer Awareness on Depositor Protection
The Financial Services Authority has released a consultation paper to address concerns regarding low consumer awareness with regard to depositor protection.
Originally Published:
Wednesday, December 14, 2011
Financial Services Authority Report on the Failure of the Royal Bank of Scotland
The Financial Services Authority has published its Board’s Report on “The Failure of the Royal Bank of Scotland” which describes the errors of judgement and execution made by Royal Bank of Scotland executive management which resulted in its failure.
Originally Published:
Monday, December 12, 2011
Evidence to the Treasury Select Committee on the Report by the Financial Services Authority into the Failure of the Royal Bank of Scotland
The House of Commons’ Treasury Select Committee has published a memorandum of advice by Bill Knight and Sir David Walker, as specialist advisers to the Treasury Select Committee, on the Financial Services Authority's report on the Failure of the Royal Bank of Scotland.
Originally Published:
Monday, December 12, 2011